rawmaterialsmarket
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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