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Simon Elstad

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The European Union’s €1.8 Billion Bet to Secure Battery Raw Materials

March 11, 2025January 21, 2026 Simon Elstad

Brussels is doubling down on mineral independence. With demand for battery metals set to quintuple by 2030, this €1.8 billion bet aims to insulate European gigafactories from price shocks and end-run the supply chain dominance of global competitors.

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