MILITARY METALS - BLOOMBERG
- 6 hours ago
- 1 min read
Race for Critical Minerals Leaves EU Struggling to Keep Up
Amid a hotly contested global race for minerals, a mining project in Slovakia illustrates the EU’s struggle to get its act together.
For the European Union, the fate of a Cold War-era mine near Bratislava is becoming a litmus test for its ambition to break free from China’s chokehold over critical minerals.
Sitting in a wooded range of hills in Slovakia known as the Little Carpathians, the so-called Trojarova project is where Soviet engineers first discovered a rich seam of antimony in the 1980s. Its owners, Canada-based Military Metals Corp, are pitching the facility as a chance for Europe to secure access to an uncommon metal used in military equipment.
For crucial resources such as antimony, EU nations appear unable put up the money and act, leaving projects such as Trojarova open to being snapped up by rivals. So far, Military Metals hasn’t secured an offtake agreement from the bloc.
Read the article about Military Metals on Bloomberg:
