Germany Launches Raw Materials Fund to Bolster Supply Chains

Germany has introduced a €1 billion ($1.1 billion) investment fund aimed at securing critical raw materials and strengthening its supply chains. This initiative seeks to reduce the country’s reliance on foreign suppliers, particularly from regions like China, which dominate the production of essential materials needed for technologies such as electric vehicles and renewable energy systems. By boosting investment in these critical sectors, Germany aims to ensure a stable, long-term supply of raw materials necessary for the green and digital transitions, while also enhancing its economic resilience. The fund forms part of broader European efforts to diversify supply chains and reduce vulnerability to geopolitical risks.