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European Union

The European Union is a political and economic union of 27 member states located primarily in Europe. Established by the Maastricht Treaty in 1993, it evolved from earlier European communities founded in the 1950s to promote economic cooperation and prevent conflict. The EU operates through a hybrid system of supranational and intergovernmental decision-making, with key institutions including the European Commission, the European Parliament, the Council of the European Union and the European Court of Justice. Member states have created a single market through a standardised system of laws that apply across all members, ensuring the free movement of people, goods, services and capital. Nineteen member states have adopted the euro as their common currency, forming the eurozone. The EU maintains common policies on trade, agriculture, fisheries and regional development, and has developed a role in foreign policy and security matters. With a combined population of about 450-million and a GDP exceeding €15-trillion, the EU represents one of the world's largest economic blocs. The union has been expanding its focus on climate policy, digital transformation and strategic autonomy, particularly in critical minerals and technology supply chains essential for the energy transition. The EU's regulatory frameworks, including those governing environmental standards and competition, exert significant influence on global business practices. Membership has fluctuated, most notably with the United Kingdom's departure in 2020.

European Union News


Lithium oxide in hand
Chinese lithium prices tumble to nearly 10-month low on demand concerns
Updated 1 hour 37 minutes ago By: Reuters

China's lithium carbonate futures prices slid to a nearly 10-month low on Monday, as a deal with the European Union to cut hybrid cars exports exacerbated concerns over demand prospects for the... 


Skouries mine
Eldorado's new Skouries mine deemed 'strategic' under EU's critical materials legislation
Updated 3 hours ago By: Marleny Arnoldi

TSX- and NYSE-listed Eldorado Gold's Skouries copper/gold mine, in Greece, has been designated as a strategic project under the EU's Critical Raw Materials Act (CRMA). The designation recognises... 


Emissions from factory
EU eyes COP31 climate deal to accelerate emissions cuts, document shows
Updated 3 hours ago By: Reuters

The European Union (EU) will use next month's COP31 climate summit to push for agreement on a "package" of efforts to reduce the greenhouse gas emissions heating the planet, an internal EU document... 


EU pledges R1bn for SA green economy
9th October 2026 By: Irma Venter

Two Team Europe Global Gateway projects valued at R1-billion-plus were unveiled at the 2026 African Green Hydrogen Summit held in Cape Town last month. Global Gateway is the EU’s strategy to fund... 


Traxys Europe, Abenójar Tungsten sign offtake agreement
Traxys Europe, Abenójar Tungsten sign offtake agreement
8th October 2026 By: Sabrina Jardim

Traxys Europe, a member of the Traxys Group –  a physical commodity trader and merchant in the metals and natural resources sectors – and Abenójar Tungsten (ABT) have signed a definitive, long-term... 


Piles of critical mineral ore
Nordic business alliance weighs expanding into critical minerals
2nd October 2026 By: Bloomberg

Nordic Compass, a competitiveness-focused business alliance, is considering branching out into critical raw materials to build up the region’s capacity to process minerals needed by European... 


US Trade Representative Jamieson Greer
US trade chief to consider trade deal tariff caps in excess capacity probe
30th September 2026 By: Reuters

US Trade Representative Jamieson Greer said on Tuesday that the Trump administration will take into consideration tariff caps negotiated in trade deals with countries as it weighs potential new... 


Carbon emissions silhouette
Canada to develop carbon removal market framework under Paris agreement
25th September 2026 By: Reuters

Canada is working to develop policies that will allow its domestic carbon removal companies to participate in international carbon markets, a move advocates say will help spur investment in new... 


Molten copper
Congo plans centralised mining investment agency under US deal, sources say
22nd September 2026 By: Reuters

Democratic Republic of Congo is preparing a one-stop agency for major mining investments as part of reforms linked to its minerals partnership with the US, aiming to cut red tape and attract more... 


French flag
Canada sees scope for France LNG partnership, Minister says
22nd September 2026 By: Reuters

Canada could pursue an energy partnership with France involving liquefied natural gas (LNG) from its Pacific coast, Canadian Foreign Minister Anita Anand said on Monday, a day after leaders of the... 


Hydrogen Council Co-Chair François Jackow.
Scale up hydrogen, global council urges amid growing energy security concerns
18th September 2026 By: Martin Creamer

The global Hydrogen Council is urging the world to scale up its hydrogen energy ecosystem at pace, which coincided with green hydrogen being declared integral to a new South African industrial... 


Photo of Martin Creamer
On-The-Air (18/09/2026)
18th September 2026 By: Martin Creamer

Martin Creamer talks about developments in ammonia, platinum and manganese. 


Greensand carbon capture project
INEOS says EU's first full-scale carbon storage project to start operating
18th September 2026 By: Reuters

The European Union's first full-scale carbon dioxide storage is set to start operations on Friday, INEOS said in a statement. The British company's Greensand project will bury emissions beneath... 


A copper mine in the DRC
Congo copper exports hit record levels as sales to US and Europe double
16th September 2026 By: Reuters

Democratic Republic of Congo's copper exports hit a record 1.72-million metric tons in the first half of 2026, while the share shipped to the United States and Europe doubled from 2025 levels as... 


Image of graphite mineral
Porto Marghera graphite processing hub, Italy
11th September 2026 By: Sheila Barradas

A joint venture comprising Alkeemia and International Graphite plan to develop a graphite processing hub at Alkeemia's established chemical manufacturing site. 


The above image depicts Trade, Industry and Competition Minister Parks Tau
Strategy can boost economic activity
11th September 2026

Speaking at the Eastern Cape Export Symposium and Exhibition on August 20, Trade, Industry and Competition Minister Parks Tau called for support for the implementation of the South African... 


Carbon capture image
Europe's largest carbon capture facility opens in Netherlands
8th September 2026 By: Reuters

The largest carbon capture facility in Europe opened in the Netherlands on Monday, developed by Norwegian fertiliser company Yara International. The carbon capture and storage (CCS) facility in... 


IMARC 2026 puts spotlight on mining’s Mission Critical
IMARC 2026 puts spotlight on mining’s Mission Critical
3rd September 2026

Mining’s Mission Critical, to responsibly deliver vital materials, will take centre stage at this year’s International Mining and Resources Conference + Expo (IMARC) as the industry pivots... 


Sibanye's Mt Lyell copper project in Australia
Sibanye presses ahead with first copper project as half-year profit triples
2nd September 2026 By: Reuters

Sibanye-Stillwater has approved its Australian copper project, it said on Tuesday after reporting a surge in half-year profit on higher gold and platinum group metal (PGM) prices. The... 


EU flag
Six countries want EU talks in September on taxing windfall profits of oil companies
24th August 2026 By: Reuters

Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by... 


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pqt: 0.072s - ct: 0.128s - 275pq - 2rq
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