EU industry chief says raw materials recycling is solution to China dependency

BRUSSELS (Reuters) -EU industry chief Stephane Sejourne said on Wednesday that recycling is likely the solution to reducing the bloc’s dependency on critical raw materials imports from China. Under the Critical Raw Materials Act that entered into force last year, the bloc has set a target for recycling to meet 25% of EU demand for critical minerals by 2030. Less than 1% of rare earths in the EU are currently recycled. Speaking at a conference in Brussels, Sejourne said the EU also needs to speed up its deal-making for critical raw materials instead of waiting for multi-year trade deals to…