Home / Business and Economy / EU Rushes Critical Minerals Plan Amid Supply Fears
EU Rushes Critical Minerals Plan Amid Supply Fears
19 Nov
Summary
- EU launches urgent plan for critical minerals sourcing
- Meta wins antitrust case against FTC's monopoly claims
- Elliott Management takes significant stake in Barrick Mining
The European Union is accelerating efforts to secure a stable supply of critical minerals essential for green technologies and defense. Facing a dominant Chinese supply chain, the bloc is establishing a new center to coordinate mineral purchasing, fund recycling initiatives, and explore alternative technologies.
In a significant legal victory, Meta has successfully defended against an antitrust lawsuit brought by the US Federal Trade Commission. A judge ruled that the FTC failed to prove Meta illegally monopolized the social media market through its acquisitions of Instagram and WhatsApp. This decision saw Meta's share price initially jump.
Meanwhile, activist investor Elliott Management has reportedly taken a substantial stake in Barrick Mining. This move comes as Barrick, despite a strong year for gold miners, has faced setbacks. Analysts speculate that the company's assets might be worth more if divided, a prospect potentially fueled by Elliott's involvement.
