New proposal

In March 2023, the European Commission proposed a new draft to secure critical raw materials. The commission understands the problem that it heavily relies on imports, often from quasi-monopolistic third country suppliers. In addition, demand for critical raw materials will increase drastically for next few decades. Critical raw materials are using especially in the net zero industry, the digital industry, aerospace, and defense sectors. Therefore, to secure them is one of the important issues in the European Commission.

Also, there is strong uncertainty around us. They are like aftermath of the Covid-19 and the energy crisis following Russia’s invasion of Ukraine. This uncertainty can put at risk the EU’s efforts to meet its climate and digital objectives.

Subscribe to get access

Read more of this content when you subscribe today.