Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-748-000"
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"en.20110308.31.2-748-000"2
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"Madam President, Commissioner, the situation is clear: the EU needs to secure its supply of rare earth elements, but we face increasingly tough competition in this market.
To be sure, China controls 95% of global production, and its continued cuts in export quotas have placed this issue at the heart of the G20 agenda.
We are therefore debating a critical issue for the whole European economy, one that must, of course, be addressed through cooperation with countries that have reserves, but also, and above all, through research, development and innovation.
It has already been said that investing in research and development is vital if we are to tackle the technological challenges involved in finding more efficient extraction techniques, searching for alternative raw materials to reduce dependence and recycling, which is something of the utmost importance, as the so-called ‘urban mines’ could be an important source of raw materials for the European Union.
We therefore congratulate the Commissioner on his commitments to this issue, and we will be keeping a close eye on all the steps that the Commission takes in this regard."@en1
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