New Delhi, Nov. 19 -- Europe is feeling the pressure from China as the Asian nation has curbed its rare-earth mineral exports to foreign nations. The European Commissioner for Economy and Productivity said that the teams are working to diversify its rare-earth mineral supplies to other nations, while China controls majority of the supply, reported the news portal CNBC.

European Commissioner for Economy and Productivity, Valdis Dombrovskis, told the news portal that the European Union (EU) needs to diversify its rare earth and critical minerals supplies, while highlighting that the bloc currently depends more than 90% on rare earth supplies from China.

"I also would say it emphasises the need for the EU to diversify its rare earth and cr...