The European Commission adopted a list of 47 strategic projects designed to boost domestic strategic raw material capacities, which will in turn strengthen the European raw materials value chain and diversify sources of supply.
“Europe currently depends on third countries for many of the raw materials it needs the most,” said Commission vice-president Stéphane Séjourné: “We must increase our own production, diversify our external supply, and make stockpiles. Today, we have identified 47 new strategic projects that, for the first time, will help us secure our own domestic supply of raw materials. This is a landmark moment for European sovereignty as an industrial powerhouse.”
The new Strategic Projects is a key milestone in implementation of the EU’s Critical Raw Material Act (CRMA), which aims to ensure European extraction, processing and recycling of strategic raw materials meet 10%, 40% and 25% of EU’s demand by 2030, respectively. The new Strategic Projects are expected to contribute to Europe’s green and digital transitions, and also support Europe’s defence industry and aerospace industries.
Overview on the selected projects
The 47 new Strategic Projects are located across 13 EU Member States: Belgium, France, Italy, Germany, Spain, Estonia, Czechia, Greece, Sweden, Finland, Portugal, Poland and Romania. They cover one or more segments of the raw material value chain, with 25 projects comprising extraction activities, 24 processing, 10 recycling and 2 substitution of raw materials. The Strategic Projects cover 14 of the 17 strategic raw materials listed in the Critical Raw Materials Act. This includes several projects covering lithium (22 projects), nickel (12 projects), cobalt (10 projects), manganese (7 projects) and graphite (11 projects) which will particularly benefit the EU battery raw material value chain.
These projects will ensure that the EU can fully meet its extraction, processing and recycling 2030 benchmarks for lithium and cobalt, while making substantial progress for graphite, nickel and manganese. Moreover, other strategic projects involving magnesium (1 project) and tungsten (3 projects) will contribute to the resilience of the EU’s defence industry, which relies on the use of these materials.
The projects were selected as they contribute to the EU’s secure supply of strategic raw materials, adhere to environmental, social and governance criteria and are technically feasible. In addition, the selected projects have also demonstrated clear cross-border benefits for the EU.
Source: EUbusiness
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