EU Set to Approve Rules for Critical Raw Materials Supply

EU Nearing Deal on Rules for Securing Critical Raw Materials

The European Union (EU) is on the verge of reaching an agreement on regulations to safeguard the supply of critical raw materials for its member countries, according to an EU official on Monday.

European Commission’s Proposed Act for Critical Raw Materials

In March, the European Commission put forward the Critical Raw Materials Act, aiming to guarantee the EU’s access to a secure, diversified, affordable, and sustainable supply of critical raw materials essential for the digital industry, aerospace, defense sectors, and the EU’s green energy initiatives.

Finalizing Details on Draft Rules

Before becoming official regulations, the draft rules outlined by the European Commission need to be hammered out with EU countries and lawmakers. Both sides are convening on Monday to finalize the specific details.

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