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Wednesday, 26 January 2011

EU vows to tackle 'blood minerals' in raw materials plan

The European Commission is expected to table plans by spring aimed at ensuring that European companies get better access to raw materials around the world, amid calls for greater traceability of imported minerals from African countries. The communication, which was initially expected to be adopted on Wednesday (26 January) but has since been postponed, aims to ensure better access to raw materials on world markets for European companies. It follows the 2008 raw materials initiative, which set out a strategy for the EU's policy response to global resource scarcity. The plan also follows moves by China to restrict exports of rare earths, which are used in everything from wind turbines to mobile phones and hybrid cars. The EU is dependent on imports of "high tech" metals such as cobalt, platinum, rare earths and titanium, which are essential for the production of cell phones, laptops or green technologies linked to renewable energy and electric vehicles.

Source: Euractiv