CRM Regulations in the EU

🌱 Is there progress in extraction capacity? Under the Green Deal, the EU set itself the target to produce at least 10% of its annual consumption of strategic raw materials through its own extraction capacity by 2030. In 2022, the EU reached levels above its 10% target for cobalt, copper, lithium, a

🌱 Why was a new regulation needed? Critical raw materials play a key role in “the net zero industry, the digital industry, aerospace, and defence sectors”. As the EU is not self-sufficient in these materials, it relies on imports. The European Commission therefore proposed a broader “set of actions

🌱 Why are some raw materials considered “critical”? Certain raw materials are seen as “critical” as they are deemed to play a key role for the economy and autonomy of countries. In the EU, so-called “critical raw materials” entail many of the materials needed for the transition over to renewable en

🌱 What does the EU’s proposed Critical Raw Materials Act set out? Through the Critical Raw Materials Act, the EU hopes to decrease its resource dependency. The Critical Raw Materials Act “will introduce targets for […] self-sufficiency along the entire value chain”. To address the EU’s critical raw