Draghi report: Europe must coordinate to avoid dependence on critical raw materials

The document also highlights the need to advance circularity and transparency in the critical raw materials market

Europe is in a race against time to reduce its dependence on external sources of critical raw materials (CRMs), according to the latest report presented by Mario Draghi, entitled The Future of European Competitiveness.
The document, which details a comprehensive approach to ensure a stable and competitive supply of these essential raw materials, underlines the urgent need for a coordinated strategy at the continental level.
The recent approval of the Critical Raw Materials Act (CRMA) by the European Union represents a significant step forward in the pursuit of self-sufficiency.
Draghi details in his report a series of strategic measures to ensure the effective implementation of this legislation, designed to strengthen supply chains and reduce the risks associated with dependence on third countries.

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