The United States earlier this month said it would work with allies to secure the minerals needed for electric vehicle batteries and process them domestically.
While prices of industrial metals have rocketed as the world moves away from fossil fuels, future price rises are likely to be limited to a select few energy transition ingredients.
The European Commissioner for Internal Market called on member states to boost partnerships with resource-rich countries and explore sustainable mining in the EU.
According to European law firm Fieldfisher, avoiding high-risk areas does not guarantee every operator in the supply chain will be free from links to unethical or illegal activity.