EU, Canada Strike Deal on Raw Materials

The European Union and Canada have reached an agreement on critical minerals as part of the EU-Canada summit, the European Council announced in a June 14 news release. The deal was struck to secure supply chains in raw materials and reduce dependence on China for the key inputs. “To diversify sources of important green and digital economy inputs away from less like-minded producers, and to foster competitive EU-Canada supply chains, the leaders established an EU-Canada Strategic Partnership on Raw Materials,” the release said.