rawmaterialsmarket
Producer prices saw a 1% fall in April, revealing a slightly bigger drop than the 0.5% seen in March, the latest eurozone month-on-month producer price index (PPI) report published by Eurostat has revealed. The greater-than-expected fall was mainly due to a cut in energy prices of 3.6% against the -2.3% cut in March. Producer prices, excluding energy prices, inched up 0.2% in April, down from 0.3% in March. Costs for non-durable goods, such as food, cosmetics, fuel, clothes, rose 0.1% in April, a slower rate than March's 0.6%. However, prices for durable goods, such as consumer electronics, fu...
Euronews (English)
The European Commission today (28 May) announced it has forged its 13th trade partnership designed to source critical raw materials from outside the bloc, with Australia. Valdis Dombrovskis and Thierry Breton, respectively commissioners for trade and the internal market, appeared alongside signatory Australian trade minister Don Farrell, claiming the deal was “based on mutual benefits” — enabling the EU to diversify supply, and the development of Canberra’s domestic critical minerals sector. Australia is one of the world's leading producers of aluminium ore, cobalt, copper, iron ore, lithium, ...
Euronews (English)
The Critical Raw Materials Act (CRMA), recently adopted by the EU Council, paves the way for the European industry to deliver 10% of extraction, 40% of refining and 15% of recycling of key minerals by 2030. The new law identifies two lists of materials — 34 critical and 17 strategic — that are crucial for the green transition. Lithium is one of a small group of highly significant critical raw materials. Why Lithium?Lithium has been classified as a key component in the EU’s quest to ditch fossil fuels and switch to clean energy as the mineral is set to see increased demand for the massive produ...
Euronews (English)
EU governments today (March 18) gave a green light to domestic European mining and extraction of critical raw materials to advance green technologies in the face of social and environmental concerns. The Critical Raw Materials Act (CRMA), proposed by the European Commission in March 2023, is designed to reduce reliance on foreign players including China, and to ensure diversification of supply in a bid for the bloc to deliver the European Green Deal, the EU’s plan to become carbon neutral by 2050. Under the CRMA, 34 critical and 17 strategic raw materials were established as “crucial” for the ...
Euronews (English)
Norway will not go ahead with plans to permit seabed mining of critical raw materials on its continental shelf if initial exploration suggests it cannot be done sustainably, a foreign ministry official told Euronews, as the European Commission prepares to sign a bilateral agreement with the Scandinavian state on the sought-after materials. State secretary Maria Varteressian affirmed Oslo’s support and intention to quickly ratify the United Nations Biodiversity of Areas Beyond National Jurisdiction (BBNJ) Treaty, also known as the High Seas Treaty, at an event in Brussels on Thursday (7 March)....
Euronews (English)
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