Critical Raw Materials Eus Action Plan For A Sustainable Supply
Somo Critical Raw Materials: EU's Action Plan for a Sustainable Supply Addressing the Challenge of Critical Raw Materials The European Union (EU) is facing a significant challenge in ensuring a secure and sustainable supply of critical raw materials (CRMs). These materials are essential for various industries and technologies, and their disruption could have severe economic consequences. What are Critical Raw Materials? CRMs are raw materials that are: Of high economic importance for the EU Have a high risk of supply disruption The EU has identified 30 CRMs, including minerals such as lithium, cobalt, and rare earth elements. The Critical Raw Materials Act To address this challenge, the European Commission has proposed the Critical Raw Materials Act (CRM Act). This act aims to: Strengthen the EU's resilience to supply disruptions Promote sustainable sourcing and recycling Support research and innovation The CRM ...