Brussels, 20 October 2026, dtt-net.com – EU’s executive body, the European Commission (EC) and the government of New Caledonia signed today a Memorandum of Understanding (MoU) for a strategic partnership on sustainable raw materials value chains, nickel and cobalt reserves of the French territory islands respectively.
According to the document signed in Nouméa, New Caledonia, by Executive Vice-President for Prosperity and Industrial Strategy, Stéphane Séjourné, and President of the Government of New Caledonia, Milakulo Tukumuli, and the Member of the Government in charge of the energy and mining sectors, Alcide Ponga, the two sides “will cooperate in raw materials value chains.”
According to some estimations, New Caledonia holds 7.1 million metric tonnes of economic nickel reserves, which accounts for between 5.6% and 11% of the world’s officially declared terrestrial reserves, while it holds an estimated 200,000 metric tonnes of cobalt reserves, representing approximately 2% to 2.8% of total global terrestrial cobalt reserves.
In terms of production at global level, New Caledonia on nickel represents …..
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