into law it was a landmark accomplishment that will strengthen critical raw materials supply chains – but not without some foreseeable challenges, according to a new reportWhile the EU published its first list of Critical Raw Materials in 2011 , it took over a decade to conceive, rally political support for, and ultimately announce the CRMA in September 2022,notes.
The EU Commission will publish projections of the expected annual consumption of each of the 34 CRMs for the years 2030, 2040 and 2050, with the first expected within 18 months of the act coming into law.
The Wolfsberg lithium project in Carinthia, Austria, is set to become the EU’s only producing battery-grade lithium mine by 2027, owned by Critical Metals . The EU does produce lithium in Portugal, but it is mainly used in glassware and ceramics.
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