The European Union’s Critical Raw Minerals Act (CRMA) is an important step to reduce the bloc’s dependency on external sources for critical raw materials through a combination of increased production, recycling, and refining of critical materials. However, political, economic, scientific, ...
Legislation aims to bolster the EU's strategic autonomyCraig GuthrieBy Kuhlmann /MSC 16 March 2023Ursula von der Leyen, President of the European Commission, said the Act would bring the EU closer to its climate ambitions by improving refining, processing, and recycling of critical raw materials ...
In June, the European Raw Materials Fund announced that it was seeking 100 billion euros in investment to invest in the critical minerals needed for a transition to zero carbon emissions. The European Raw Materials Fund is due to start with around 2 billion euros ($2.1 billion), but eventuall...
Any other raw material that reaches or exceeds the thresholds for both economic importance and supply risk, the methodology of which is set out in Section II of Annex II of the Proposed CRM Regulation, will be considered a Critical Raw Material (“CRM”) and is listed in Section ...
The Critical Raw Materials Act (CRMA) is an essential regulatory framework designed to address the pressing challenges faced by the European Union (EU) in the strategic sectors of decarbonization, digitalization, and aerospace and defense. It aims to tackle the lack of secure and sustainable access...
THE EUROPEAN Council and European Parliament reached a deal on the proposed Critical Raw Materials Act. The regulation would establish a framework to ensure a secure and sustainable supply chain of critical raw materials and aims to help the EU reduce its reliance on third countries, principally ...
in March 2023 theEU’s Critical Minerals Actmade explicit the goal to “reduce dependence on third countries to access critical raw minerals.” Likeminded countries are improving their positions and can continue to do so in a way that protects their economic and national security and...
“Policy makers in major economies have also introduced initiatives to boost domestic production,” it says, citing the US Inflation Reduction Act of 2022 and the European Commission’s Critical Raw Materials Act of last year. “However, the supply outlook remains uncertain due to several risks. ...
For example, RHI Magnesita is calling for a review of the Critical Raw Materials Act to include high-purity magnesia and dolomite, two key refractories precursor minerals, in an effort to ensure that refractories production in Europe remains financially viable and innovation continues. The re...
Title: Visualizing the EU’s critical minerals gap by 2030, Summary: The European Union’s Critical Raw Material Act sets out several ambitious goals to enhance the resilience of its critical mineral supply chains. The Act includes non-bind