European Commission Funds 46 Raw Material Projects

The European Commission announced the selection of 46 strategic projects across 16 countries aimed at strengthening raw material supply chains and diversifying sources, thereby supporting the European Union's independence and reducing reliance on a single supplier. The projects encompass various stages of the value chain, focusing on the extraction, processing, and recycling of materials such as lithium, nickel, and cobalt, which are essential for battery manufacturing, military, and aerospace sectors. These initiatives are expected to contribute to the Union's goals of utilizing up to 10% of domestic raw material consumption by 2030, with significant progress already made and over two billion euros allocated to support them.

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