Featured in Down to the wires 06-2024

Making its mark on materials

The European Union has drawn up new regulations to boost the domestic mining of raw materials and support production of renewable energy products and materials at home. Will it be enough to incentivize investment, or will Europe trail other major economies, such as the United States and China?
By
Andreas Walstad
German MEP Christian Ehler spoke at the European Parliament Plenary Session on the Net Zero Industry Act, on April 25, 2024. | Photo: Eric Vidal/European Union 2024

 The EU Critical Raw Materials Act (CRMA) entered into force at the beginning of May 2024. In a bid to diversify the supply of strategic raw materials, the CRMA sets benchmarks for domestic production capacities of these materials.The regulation states that the EU’s domestic extraction capacity should be able to extract the ores, minerals, or …

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