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    EU draws up plans to lure Africa’s minerals

    Investing News Network
    Dec. 01, 2010 05:08AM PST
    Critical Minerals Investing

    Euractiv.com reports that the EU is trying to acquire minerals from Africa and China, including Tungsten.

    Euractiv.com reports that the EU is trying to acquire minerals from Africa and China, including Tungsten.

    The story is quoted as saying:

    China is responsible for 97% of global rare earth production. Rare earths are essential for manufacturing superconductors or electric car batteries. Beijing’s share of world output stands between 70% and 90% for antimony, graphite, magnesium and tungsten, which are all considered critical by the EU.

    To access the full story, click here.

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