EU Critical Raw Minerals Act Presentation.pdf
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The European Critical Raw Materials Act proposes establishing a framework to ensure a secure and sustainable supply of critical raw materials for the European Union. It defines 34 raw materials as critical based on their high economic importance and supply risk. It aims to strengthen the EU's critical raw materials value chain, diversify imports, improve risk monitoring and mitigation, boost circularity and sustainability, and define strategic projects across the value chain to increase EU extraction, processing and recycling capacities. It would also establish a Critical Raw Materials Board to support the European Commission in law's implementation.
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EU Critical Raw Minerals Act Presentation.pdf
- 1. European CRM Act Proposal for a regulation – establishing a framework for ensuring a secure and sustainable supply of critical raw materials April 2023
- 2. 34 RAW MATERIALS DEFINED AS CRITICAL BY THEIR HIGH • Economic importance • Supply risk … based on a regular assessment of available data in an established methodology Critical Raw Materials • Antimony • Arsenic • Bauxite • Baryte • Beryllium • Bismuth • Boron • Cobalt • Coking Coal • Lithium • Magnesium • Manganese • Natural Graphite • Nickel – battery grade • Niobium • Phosphate rock • Phosphorus • Platinum Group Metals • Scandium • Silicon metal • Strontium • Tantalum • Titanium metal • Tungsten • Vanadium Note: A subset of the CRMs are classified as „strategic raw materials“ due to their use in strategic technologies and strong projected demand growth. Certain measures under the CRMA apply only to them. • Copper • Feldspar • Fluorspar • Gallium • Germanium • Hafnium • Helium • Heavy Rare Earth Elements • Light Rare Earth Elements
- 3. • Driven by the twin transition and defence needs, significant growth in CRM demand, with risk of global supply/demand imbalance Critical raw materials (CRMs) and the EU economy • EU is heavily dependent on third country supply for CRMs that are key for strategic technologies • Strategic dependencies and risk of supply chain disruption Source: European Raw Materials Alliance (ERMA)
- 4. European Critical Raw Materials Act Ensuring a secure and sustainable supply of critical raw materials for the Union Strengthen all stages of the European CRM value chain Diversify EU CRM imports to reduce strategic dependencies Improve EU capacity to monitor and mitigate risks of disruption to CRM supply Improve CRM circularity and sustainability
- 5. DEFINING CRITICAL AND STRATEGIC RAW MATERIALS CRM Whole EU economy, based on : • supply risk • economic importance SRM SRM are a subset of CRM: • Key for strategic technologies (green, digital, defence and space) • Forecast demand risks outstripping supply I. Setting Priorities 2023 BENCHMARKS Towards more SRM supply security • EU’s extraction capacity cover at least 10% of the EU’s SRM consumption • EU’s processing capacity cover at least 40% of the EU’s SRM consumption • EU’s recycling capacity cover at least 15% of the EU’s SRM consumption Towards more diversification of supply • Not more than 65% of EU consumption of each SRM should come from a single third country.
- 6. STRATEGIC PROJECTS Across the whole SRM value chain: extraction – processing – recycling Selected by the Commission with advice from the Board based on • Contribution to security of supply • Sustainability • Technical feasibility • Cross-border benefits in EU/ Economic and social benefits in third countries II. Strengthening the value chain BENEFITS • Priority Status in national and EU law: for administrative and judicial procedures • One-stop-shop approach • Permitting - Legal time-frames • Extraction: 24 months • Processing & Recycling: 12 months • Provisions to facilitate and timely deliver environmental assessments and authorisations without weakening environmental and social protection • Enabling conditions to implement Strategic Projects • The Critical Raw Materials Board provides coordination and advice to secure remaining financing • Provisions to facilitate the conclusion of off-take agreements ONE-STOP-SHOPS Member States shall designate one national authority to facilitate and coordinate the permit-granting process
- 7. • Monitor supply risks of CRM • Stress tests by the Commission with Member States • Alerts to MS/relevant authorities in case of risk • Company risk preparedness • Strategic stockpiling: information gathering and coordination • Voluntary joint purchasing III. Risk Monitoring and mitigation
- 8. CIRCULARITY • National measures on CRMs circularity • Maximising potential from (closed) extractive waste facilities • Preparing the ground for massive recycling of permanent magnets IV. Ensuring the free movement of the SRMs with a high level of environmental protection SUSTAINABLE CHOICES • Recognition of certification schemes on the sustainability of CRMs • Empowerment to set, at a later stage, information requirements on the environmental footprint of CRMs placed in the EU market
- 9. CRITICAL RAW MATERIALS BOARD The Board has an advisory role supporting the Commission in the implementation of the different actions proposed in the Act. Governance COMPOSITION Chaired by the European Commission Composed by Member States and the Commission Representatives from the EP as observers STRATEGIC PARTNERSHIPS The Board also discusses Strategic Partnerships of the Union with third countries that cover raw materials and ensures their coordination with other international fora and initiatives.
- 10. CRM Act Press Release CRM Act (Draft Regulation) CRM Act (Communication) 2023 JRC Foresight Study 2023 Study on CRMs for the EU CRM Factsheets Useful links
- 11. Thank you © European Union 2023 Unless otherwise noted the reuse of this presentation is authorised under the CC BY 4.0 license. For any use or reproduction of elements that are not owned by the EU, permission may need to be sought directly from the respective right holders.