Denmark, Finland, Norway and Sweden are four of the twelve NATO member countries that have launched a new multinational cooperation project on critical raw materials for the defence industry. The initiative aims to strengthen the resilience of supply chains for materials and components that are vital to defence production.
According to a press release from NATO (North Atlantic Treaty Organization), the project encompasses joint work on the procurement, storage, transport and handling of critical raw materials, components and recycled products used within the defence industry.
"For our defence to remain ready and strong, our industrial base and our supply chains need to be resilient," said NATO Secretary General Mark Rutte in the press release.
According to NATO, the purpose is to reduce vulnerabilities in strategic supply chains and ensure more stable and secure access to critical raw materials through closer cooperation between the participating countries.
The remaining participating countries are Belgium, Canada, Greece, Italy, Luxembourg, the Netherlands, Spain and Turkey.