Media Reports, page-2976

Actions under the Critical Raw Materials Act

Setting priorities for action

In addition to an updated list of critical raw materials for the whole EU economy, it lists strategic raw materials, which are those most crucial for strategic technologies used for the green, digital, defence and space applications.

Setting benchmarks by 2030 for domestic capacities

The Act sets these benchmarks along the strategic raw materials value chain and for the diversification of the EU supplies

• at least 10% of the EU’s annual consumption for extraction
• at least 40% of the EU’s annual consumption for processing
• at least 15% of the EU’s annual consumption for recycling
• no more than 65% of the EU’s annual consumption from a single third country

Further down the pipeline yes but Europe will be big business by 2030 with these terms. Huge opportunity for Balama and processing in Europe. Limiting china to 65 percent of graphite is huge