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global lithium reservesCNBC
•World
World
86% Informative
After 25 years of talks, EU and Mercosur countries reached a highly anticipated trade agreement on Dec. 6 .
If ratified by the 27 -nation bloc, the EU -Mercosur partnership will create one of the world's biggest free trade zones.
Analysts at Dutch bank ING said the significance of critical raw materials like lithium seemed to be "making less headlines" in the coverage of the free trade agreement, despite the metal's importance to Europe 's economic future.
"The EU -Mercosur trade agreement presents an enormous opportunity to diversify access to critical raw materials such as lithium and copper, which are essential for key industries such as electromobility and renewable energy," the BDI said in a statement on Dec. 6 . "In times of growing global trade fragmentation, this trade agreement sends a clear and strategic message in support of free and rules-based trade," they added..
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