#France wants to secure its access to strategic metals.
The executive is working to create a fund that would invest in mines to ensure a supply of strategic metals to industrialists.
The executive is working to create a fund that would invest in mines to ensure a supply of strategic metals to industrialists.
By replacing heat engines with electric motors in cars, or coal-fired power plants with wind turbines, the energy transition will reduce France's - and Europe's - dependence on fossil fuels.
"The electrification of the production of new vehicles will greatly increase the need for copper, nickel, lithium and rare earths", analyzes Philippe Varin, the former head of the professional organization France Industrie.
#Europe and France have great ambitions in the industrialization of the #energy transition. In this area, however, the European Union's dependence on third countries is around 70%. And it is 100% for France.
The issue of supply has become crucial. Especially since tensions are inevitable. There may be imbalances between supply and demand, as with nickel or copper today, causing price increases.
Political risks are also very real, especially when the bulk of production comes from one country. This is the case for cobalt with the Democratic Republic of Congo or for rare earths with #China.
China is about 20 years ahead of Europe in security of supply. The country implemented its strategy in the 1990s. Today, Europe and France must act, underlines Philippe Varin.
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