BRUSSELS, 16 MAR - Green light from the Commission to the regulation proposal and a communication for the tightening of the European executive on the use of non-EU critical materials.
The goal is to ensure "a secure, diversified, affordable and sustainable supply of key raw materials".
The Raw Materials Act updates the list of critical materials and provides for a series of mandatory actions by 2030 including the ceiling of 65% of the EU's annual consumption of each strategic raw material in each relevant transformation stage originating from a single Third country and a share of at least 10% of critical materials extracted in the EU.
"Let me be clear, today the ingenuity ends and we move on to action. We have resources in Europe, also with regard to rare earths. Of course, mining has an impact on the territory and biodiversity but new technologies will help us ".
This was stated by Thierry Breton, European Commissioner for the Internal Market, commenting on the Raw Material Act and the need for the EU to decrease its foreign dependencies in the supply and protection of value chains.
