AMSTERDAM - The Netherlands is ramping up efforts to secure vital raw materials for its industries, with millions allocated to increasing imports of key resources. Invest International, a government-backed investment fund, is launching a new initiative and strengthening partnerships with major suppliers, including Australia, Canada, and Chile. 

This move comes as demand for critical materials like lithium, cobalt, nickel, and copper rises, driven by the need for electric vehicle batteries, wind turbine magnets, and green hydrogen production. Minister Liesje Schreinemacher (Foreign Trade and Development Cooperation) is in Toronto this week to foster closer ties at a major raw materials and minerals conference. 

The surge in global prices and geopolitical tensions—particularly European sanctions on Russia following its invasion of Ukraine—have heightened the urgency of securing alternative suppliers. The Dutch government aims to reduce dependence on volatile sources and ensure a steady supply for high-tech sectors, including semiconductor manufacturing, which relies on materials such as copper, silicon, gallium, and indium. 

Lara Muller, director of new ventures at Invest International, emphasized the importance of collaborating with research institutions like TNO. “We must work alongside like-minded nations to guarantee access to critical raw materials and boost industrial competitiveness,” she said. “With its strong logistics network and the Port of Rotterdam as a key European gateway, the Netherlands plays a pivotal role in the supply chain.” 

In addition to sourcing new suppliers, the initiative will focus on recycling and more efficient material usage. The government is exploring expanded cooperation with South Africa and Vietnam, while also engaging banks and pension funds to help finance production efforts.