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EU increases its level of recycling ambitions to retain critical metals for green transition.

The European Parliament and the Council on the Critical Raw Materials Act (CRMA) agreed on adopting new rules which increase domestic capacities for critical raw materials along the supply chain.


Agreement:

EU should have the capacity to extract 10%*, process 40%, and recycle 25% of its annual consumption of strategic raw materials by 2030.

Initially the Critical Raw Materials Act (CRMA) stated a 15% of EU annual consumption sourced from recycling by 2030.


EU is implementing its Green Deal Industrial Plan, which includes the Net-Zero industry Act and the Critical Materials Act. The challenge for EU is to secure a sustainable supply chains for EU's green and digital future but also to keep its competitiveness with the United States and China in making clean tech products as well as accessing critical raw materials for the green transition.

Energy efficiency and technological progress are also considered as significant mitigators to demand.

Europe is only able to supply for 1% of the global production of these critical materials for the green and digital transitions.


In addition, the agreement includes:

  • Integration of the list of critical and strategic raw materials into EU law.

  • Addition of aluminium and synthetic graphite to the list of Critical Raw Materials.

  • Introduction of an effective monitoring of critical raw materials supply chains.

  • Obligation for large companies to perform risk assessments of their supply chains

  • Stock coordination of strategic raw materials among Member States


Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_23_5733

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