Free Report: Viability of EU’s Critical Raw Materials Act

Apr. 23, 2024

A landmark ruling that will strengthen the union’s supply chains for decades to come

In April 2024, the EU passed the Critical Raw Materials Act (“CRMA”) into law in a landmark accomplishment that will strengthen the union’s critical raw materials supply chains for decades to come, albeit not without some foreseeable challenges.

For strategic raw materials – a subset of critical raw materials deemed “crucial” to strategic technologies – the CRMA mandates that 10% of the EU’s annual consumption must be mined domestically, 40% must be processed domestically, and 25% of all processing waste and end-of-life scrap must be recycled domestically by 2030. Furthermore, the EU may not source over 65% of any SRM from a single nation.

Despite the CRMA’s applicability to strategic raw materials broadly, a detailed review of the act reveals a disproportionately high focus on raw materials used to produce rare earth permanent magnets, such as neodymium, praseodymium, dysprosium and terbium, as well as battery-grade lithium used to produce batteries.

Industry experts at Adamas Intelligence, Tradium and carried out a detailed review of the CRMA and co-authored a report examining the implications and viability of mandated targets for lithium and rare earth elements while highlighting potential challenges, opportunities and recommendations policymakers and industry stakeholders should be aware of.





Rare Earth Market Intelligence:

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The ‘EV Motor Materials Monthly’ is a subscription-based report and data service for tracking motor demand, NdFeB magnet demand, and other key developments in the global EV traction motor market month-after-month, as they happen; by region, country, motor type, EV type, EV make, EV model and motor supplier, plus the latest developments in rare earth and NdFeB alloy prices.



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