'EU Seeks Closer Vietnam Ties On Critical Minerals In China Hedge, Documents Show' - Reuters Exclusive
Benzinga Newsdesk 2 weeks ago
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Vietnam's leader set to visit Brussels next weekEU leaders discuss plans to cut reliance on ChinaEU documents cite need to find alternatives to China, secure Vietnam supplies amid growing competitionEU imports
- Vietnam's leader set to visit Brussels next week
- EU leaders discuss plans to cut reliance on China
- EU documents cite need to find alternatives to China, secure Vietnam supplies amid growing competition
- EU imports defence-sensitive tungsten, antimony from Vietnam; eyes processing projects
The European Union is seeking to secure more critical minerals from Vietnam to reduce its reliance on China amid concerns that existing supplies may be at risk, according to internal EU documents seen by Reuters.
Vietnam has substantial deposits of critical minerals, including tungsten, rare earths, antimony, bismuth and bauxite, from which gallium can be extracted as a byproduct. Exports to the EU have been largely limited to tungsten and antimony, both used in the defence sector, including in ammunition and explosives.