EU Categorizes Nickel, Copper as Critical Minerals
The European Union (EU) has added copper and nickel to its list of critical minerals at a time when both metals are facing significant shortages. Critical or strategic minerals are either nonmetallic or metallic elements that play a significant role in the function of modern technology, national security or economies, and that face an inherent risk of supply chain disruption. Copper is crucial in the development of renewable energy technologies and electric cars while nickel is a major raw ingredient in electric vehicle batteries. As the world strives to move away from dirty energy sources such as oil and coal…