Goals and Opportunities: A Whitepaper on Europe’s Critical Raw Materials Act
More mining, more recycling: This whitepaper provides insight into Europe’s general raw materials strategy and analyzes its measures and targets.
Frankfurt am Main, 7. Mai 2024 – TRADIUM GmbH, one of Europe’s most renowned raw materials suppliers, has released a whitepaper on the Critical Raw Materials Act (CRMA). Written in partnership with research and advisory firm Adamas Intelligence and Rawmaterials.net/Rohstoff.net, the paper highlights the Act’s key points and analyzes its impact on the security of raw materials supplies.
TRADIUM published an initial view of the CRMA in March that noted some unanswered questions. The new whitepaper presents an in-depth analysis of the supply of critical raw materials, particularly lithium and rare earths.
CRMA Background
The European Union’s Raw Materials Act will come into force on May 23 and will be a milestone in the EU’s efforts to diversify and secure its supply chains for strategic raw materials. The Act is based on a list of 34 so-called critical raw materials, 16 of which are classified as strategically important to industry and for which a supply risk exists. The Act’s binding targets for domestic mining, processing, and recycling are intended to reduce EU dependence on imported raw materials and strengthen the security of supply.
Focus on Lithium and Rare Earth Elements
The whitepaper also analyzes the CRMA’s goals and measures for the battery metal lithium and heavy and light rare earths. These raw materials are crucial for the energy and transport transition and modern magnet technologies. Among other topics, the paper provides specific information on the current supply situation, the development of demand, and the challenges along the value chain.
The paper highlights, among other things:
- the current supply situation and demand trends for lithium and rare earths,
- the importance of diversifying supply chains for strategic raw materials,
- challenges regarding recycling and building a circular economy for these raw materials and
- the viability of the targets for mining and processing to be achieved by 2030.
The full Critical Raw Materials Act whitepaper is available for download on the TRADIUM website: https://tradium.com/en/whitepaper-crma/
The website https://rareearths.com provides detailed information about the raw material group. It includes a comprehensive overview of the different types of rare earths and their applications, provides the latest news and reports on developments in the industry.
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Barrels filled with rare earth oxides in the high-security warehouse of TRADIUM GmbH in Frankfurt am Main
Credits: TRADIUM GmbH, Kai Wipperfürth
Credits: TRADIUM GmbH, Mirco Lilge
Matthias Rüth, Managing Director of TRADIUM GmbH in Frankfurt am Main
Credits: TRADIUM GmbH, Mirco Lilge
Press contact for TRADIUM
Katrin Gräwe
Phone: +49-69-50 50 250-214
E-mail: press@tradium.com
About TRADIUM GmbH
As an owner-managed company, TRADIUM GmbH in Frankfurt Main has been successfully operating for a variety of customers since 1999. We supply a range of innovative industrial sectors that use technology metals, rare earth metals and precious metals, including electronics, automotive, glass and ceramics, and dental technology. TRADIUM operates as a global company with a large number of international producers. Long-term cooperations ensure reliability, proximity to the market and currentness for the respective products. Companies without storage facilities can keep their raw materials in the highly secure bonded and duty-free warehouse of TRADIUM’s sister company, METLOCK GmbH.
