EU moving in on Romania for Graphite , Magnesium and Copper10 Jun 2025 11:53
In total, Romania will receive β¬615 million ($698 million) from Brussels. βGraphite extraction will boost technologies in the automotive industry, such as electric vehicle batteries and energy storage systems, as well as in electronics and machine manufacturing,β explains Andreea Nestian, financial director at A3Build, a consulting firm specializing in mining. The two other valuable materials the EU has targeted for extraction in Romania are metallic magnesium, in Budureasa, and copper, in Rovina β both also located in the western part of the country.
βAlthough it is not a rare mineral, copper is in growing demand due to its importance in semiconductor manufacturing, wind turbines, and industries such as automotive, aerospace, and defence,β
βRomania offers countless resources that member states could leverage, but the local administration lacks the human and financial capacity to do so on its own,β says Nestian.
For this reason, Romanian authorities have already informed Brussels that the country has access to additional types of metals β including titanium, boron, quartz, phosphorus, germanium, tungsten, gallium, and rare earth elements βin a bid to secure further financial support.
AP likes a bit of consultancy work π
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I wonder if he can get in on all the EU action, by bringing back to life Vast's other Romanian assets , in addition to ramping up B.Pπ€