EU plans trip to Vietnam for mineral supplies

The European Union is seeking to reduce its reliance on China for vital mineral supplies by strengthening its relations with Vietnam, which possesses large reserves of minerals such as tungsten, rare earth elements, bismuth, and antimony. This step is part of efforts to ensure a stable supply of materials essential for defense industries and advanced technologies, especially following supply chain disruptions caused by China's export restrictions. The proposal includes financial support for mineral extraction and processing sectors in Vietnam, with an emphasis on diversifying sources of vital minerals amid increasing international competition for these resources. Brussels also plans an upcoming visit by Vietnam's leader on October 22 to boost cooperation, aiming to secure a more diverse supply and reduce risks associated with dependence on China.

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