Renewables supplied 23.3% of Luxembourg’s gross electricity consumption in 2025, up from 20.5% but still the EU’s third-lowest share. The result underlines the scale of the country’s dependence on imported energy.
Copper crossed $12,000 a tonne for the first time in December 2025 and spiked to a record near $14,500 intraday on 29 January 2026, driven by electrification, AI data centres and tight supply. The twist: the 2026 treatment-and-refining-charge benchmark settled at $0, the lowest ever, squeezing smelters. The IEA warns of a possible 30% supply deficit by 2035 and flags that China controls about half of global smelting capacity.
Europe wants to break China's grip on rare earths, the magnet metals behind EVs, wind turbines and missiles. A March 2026 upgrade made Norway's Fen complex the continent's largest deposit at 15.9 million tonnes of oxides; Sweden's LKAB is chasing rare earths as an iron-ore by-product. But mining is not refining, and China still does most of both. Here is what the projects can realistically deliver, and what to watch.
Luxembourg's coalition has adopted a Climate Social Plan to shield vulnerable households and micro-enterprises from rising carbon costs. Within weeks, the country's largest unions and an environmental NGO welcomed the framework but warned it lacks firm budgets, clear target groups, and a binding timeline.
A six-megawatt electrolyser in the Bascharage industrial park, run by Encevo subsidiaries Enovos and LuxEnergie, aims to produce up to 1,750 kg of green hydrogen per day from 2026 — Luxembourg's first commercial hydrogen production.