Germany Launches Raw Materials Fund to Strengthen Supply Chains
- €1 billion earmarked for investments in critical minerals
- Government trying to diversify suppliers away from China
The Reichstag in Berlin.
Photographer: Barbara Sax/AFP/Getty ImagesThe German government is launching a €1 billion ($1.1 billion) fund for investment in raw materials as it seeks to limit dependency on producers such as China for critical minerals.
“Good news — the raw materials fund is coming,” Franziska Brantner, a deputy economy minister, said Wednesday in a post on X.