Report: Germany is investing 1 billion euros to counter China. Raw materials such as cobalt, copper, lithium, silicon and rare earths are needed to make microchips, wind turbines and batteries for electric vehicles.
Policymakers will focus on projects defined as critical in the European Union's Critical Raw Materials Act. While Germany still needs to build a structure to organize its investments in raw materials, Japan could provide a model. The investments will be coordinated with Italian and French initiatives in the raw materials sector.