EU Nears Critical-Material Deals With Argentina, Chile
- Bloc is seeking to shift to a less carbon-intensive economy
- EU Commission envisages preliminary accords by end-September
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The European Union is working on deals with Argentina and Chile that will widen its access to critical minerals and metals such as lithium needed for electric-vehicle batteries as part of its goal of creating a less carbon-intensive economy.
Preliminary memorandums of understanding could be signed during the next four months, according to the European Commission, the EU’s executive arm, which added that further partnerships are possible in South America and beyond.