Question

List some of the new raw materials that would change the economy of Europe?

Answer 1

Answer:

Explanation:

A new raw materials strategy, proposed Thursday by the EU Commission, would reduce Europe's dependency on third countries, diversify supply and promote responsible sourcing worldwide.

The EU executive set out an Action Plan on Critical Raw Materials, the 2020 List of Critical Raw Materials and a foresight study on critical raw materials for strategic technologies and sectors from the 2030 and 2050 perspectives.

The List of Critical Raw Materials has been updated to reflect the changed economic importance and supply challenges based on their industrial application. It contains 30 critical raw materials. Lithium, seen as essential for a shift to e-mobility, has been added to the list for the first time.

"A secure and sustainable supply of raw materials is a prerequisite for a resilient economy," said EC vice-president Maros Sefcovic.: "For e-car batteries and energy storage alone, Europe will for instance need up to 18 times more lithium by 2030 and up to 60 times more by 2050."