🇪🇺🇻🇳🇨🇳 Europe wants Vietnam’s minerals so it can stop leaning so hard on China.
And Vietnam has plenty to offer, with big reserves of rare earths and tungsten, the stuff Europe needs for everything from phones to ammunition as it re-arms.
That matters a lot more since last year, when China tightened its exports and left European factories scrambling. Now internal EU papers say Europe simply can’t afford to ignore Vietnam.
So the plan is to throw loans and grants at Vietnam’s mines, and Vietnam’s leader is reportedly heading to Brussels next week to talk it over.
The catch? Europe isn’t the only one knocking. The U.S., Australia and others are already chasing the same Vietnamese mines.
Everyone’s trying to get off China’s minerals, and Vietnam is quickly becoming the place to do it.
Source: Reuters / Writer: Daniyal
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Dan Collins @DanCollins2011 ·
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@MarioNawfal Having the minerals doesn’t help if you can’t process them to 6-9N. (Which only 2 plants in the world can do, both in China.)


































































