EU to introduce new critical minerals legislation
European Commission President Ursula von der Leyen on Wednesday announced the European Critical Raw Materials Act, as the bloc seeks to shore up supplies of minerals such as lithium and rare earths.
In her State of the Union address, Von der Leyen said that almost 90% of rare earths and 60% of lithium were processed in China. “A single country currently dominates almost the entire market. We must avoid becoming dependent again, as with oil and gas,” she said.
Through the legislation, the EU would identify potential strategic projects along the supply chain and build up reserves where supply was at risk.
“We know this approach can work. Five years ago, Europe launched the Battery Alliance. And soon, two-thirds of the batteries we need will be produced in Europe.
"Last year, I announced the European Chips Act. And the first chips gigafactory will break ground in the coming months. We now need to replicate this success,” she said.
The EU expects its demand for rare earths alone to increase fivefold by 2030.
To ensure sufficient supply, the EU would need to renew its relationship with key partners. Von der Leyen said that agreements with Chile, Mexico and New Zealand would be submitted for ratification and that the bloc was advancing negotiations with major partners, such as Australia and India.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOMDeveloped to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
