EU, Ukraine sign preliminary deal on key raw materials, batteries
BRUSSELS – The European Union and Ukraine signed on Tuesday a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the Covid-19 pandemic.
The move is part of the European Commission's Action Plan on Critical Raw Materials announced in September to bolster supplies of materials vital to sectors including aerospace, defence, electronics, automotive and renewable energy, as well as energy-intensive industries and the health sector.
European Commission Vice President Maros Sefcovic and Ukraine's Prime Minister Denys Shmygal signed the MoU in Kyiv during a EU-Ukraine conference.
"Securing a sustainable supply of raw materials is an essential prerequisite for delivering on green and digital transition objectives," Sefcovic said ahead the visit to Kyiv.
"Developing cooperation with the EU ... is of strategic importance to us and will help integrate mineral supply chains and strengthen strategic resilience during post-pandemic recovery," Shmygal said.
The EU last year updated its list of critical raw materials to include bauxite, lithium, titanium and strontium. China provides 98% of the EU's supply of rare earth elements.
To power up e-car batteries and for energy storage alone, the EU estimates it will need up to 18 times more lithium by 2030 and up to 60 times more by 2050.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation