According to recent news from Russian media, one of the purposes of French President Macron and European Commission President Von der Leyen's visit to China is to ensure a stable supply of lithium, cobalt and other rare earth metals to Europe. "These metals are crucial to the energy transition announced by the EU. Relying on green energy instead of traditional gas, oil, coal and nuclear power is essentially the only option for updating the European energy system in the face of a sharp decline in energy trade with Russia. "
Overseas markets have a high dependence on China’s rare earth materials. Since the construction of solar and wind power plants as well as the production of electric motors for automobile supply requires a large amount of rare earth materials, the stable supply of rare earth materials in China is crucial to EU's energy transition.
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