Provisional agreement to strengthen the supply of critical raw materials in the EU

The Council and the European Parliament reached an agreement on the proposal for a regulation establishing a framework to ensure a secure and sustainable supply of critical raw materials.

The Council and the European Parliament reached an agreement on the proposal for a regulation establishing a framework to ensure a safe and sustainable supply of critical raw materials, better known as the Critical Raw Materials Act. The agreement is provisional, pending formal adoption by both institutions. The political agreement reached maintains the general objectives of the original proposal, but reinforces several elements. It includes aluminum in the list of strategic and critical materials, reinforces the recycling benchmark, clarifies the permitting procedure for strategic projects, and requires relevant companies to conduct a supply chain risk assessment in their sourcing of strategic raw materials.

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