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EU earmarks 1.8 billion euros for battery raw materials supply chain

Published by Global Banking & Finance Review

Posted on March 5, 2025

1 min read

· Last updated: January 25, 2026

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EU earmarks 1.8 billion euros for battery raw materials supply chain
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(Reuters) - The European Union will make 1.8 billion euros ($1.92 billion)available to help secure supply chains for battery raw materials, the EU Commission said on Wednesday. The Commission late

EU Commits €1.8 Billion to Battery Raw Materials Supply Chain

(Reuters) - The European Union will make 1.8 billion euros ($1.92 billion)available to help secure supply chains for battery raw materials, the EU Commission said on Wednesday.

The Commission late last year already said it would partner with the European Investment Bank to support investments in the EU's battery manufacturing sector.

($1 = 0.9351 euros)

(Reporting by Bart Meijer)

Key Takeaways

  • The EU will invest €1.8 billion in battery raw materials.
  • This funding aims to secure supply chains within the EU.
  • The European Investment Bank is a key partner in this initiative.
  • The investment supports the EU's battery manufacturing sector.
  • The announcement follows a previous commitment by the EU Commission.

Frequently Asked Questions

What is the main topic?
The EU's investment of €1.8 billion to secure battery raw materials supply chains.
Who is partnering with the EU?
The European Investment Bank is partnering with the EU.
How much is the EU investing?
The EU is investing €1.8 billion ($1.92 billion).

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