Today, the Commission proposes a comprehensive set of actions to
ensure the EU's access to a secure, diversified, affordable and
sustainable supply of critical raw materials.
Critical raw materials are
indispensable for a wide set of strategic sectors including the net
zero industry, the digital industry, aerospace, and defence sectors.
While demand for critical raw materials is projected to increase
drastically, Europe heavily relies on imports, often from
quasi-monopolistic third country suppliers.
The EU needs to mitigate the
risks for supply chains related to such strategic dependencies to
enhance its economic resilience, as highlighted by shortages in the
aftermath of the Covid-19 and the energy crisis following Russia's
invasion of Ukraine.
This can put at risk the EU's efforts to meet its
climate and digital objectives.
The Regulation and Communication on critical raw materials adopted
today leverage the strengths and opportunities of the Single Market and
the EU's external partnerships to diversify and enhance the resilience
of EU critical raw material supply chains.
The Critical Raw Materials
Act also improves the EU capacity to monitor and mitigate risks of
disruptions and enhances circularity and sustainability.(...)
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