EU to Stockpile Critical Minerals Over War Risk
'The EU faces an increasingly complex and deteriorating risk landscape marked by rising geopolitical tensions, including conflict, the mounting impacts of climate change, environmental degradation, and hybrid and cyber threats,'' the European Commission said in a draft document setting out a stockpiling strategy, seen by the Financial Times.
Member states should co-ordinate backup supplies of food, medicines and even nuclear fuel, the EU executive said. It would also accelerate work on EU-level stockpiles of items such as cable repair modules 'to ensure prompt recovery from energy or optical cable disruptions' and commodities such as rare earths and permanent magnets, which are crucial for energy and defense systems.
Several instances of potential sabotage to underwater communication cables and gas pipelines in recent years have caused concern about the vulnerability of critical infrastructure.
The strategy is part of a wider push by the EU to improve the security and resilience of the 27-country bloc. Last month, General Carsten Breuer, the German chief of defense, warned that Russia could attack an EU member state within the next four years.
The higher-risk environment was driven by ''increased activity from hacktivists, cybercriminals and state-sponsored groups,' the document said.
The EU is also more susceptible than many other regions to the effects of climate change as it is warming twice as fast as the global average. Wildfires in Crete forced 5,000 people to evacuate the island this week.
In a report commissioned by the EU in October, former Finnish president Sauli Niinistö said that security should be considered a 'public good' and called for a preparedness mindset.
On stockpiling, he said that Brussels should 'define targets to ensure minimum levels of preparedness in different crisis scenarios, including in the event of an armed aggression or the large-scale disruption of global supply chains.'
The EU in March also advised households to stockpile essential supplies to survive at least 72 hours of crisis.
On Tuesday, the United States announced the launch of a critical minerals initiative with Australia, India and Japan as part of efforts to counter China.
In a joint statement after talks in Washington, the countries' foreign ministers said they were launching the Quad Critical Minerals Initiative, which they called an "ambitious expansion of our partnership to strengthen economic security and collective resilience by collaborating to secure and diversify critical minerals supply chains."
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