15 Hrs
Source:
Sharjah24
EU approves 46 projects for raw materials security
The European Commission highlighted its efforts to strengthen the security of critical raw materials by selecting 46 new strategic projects across 16 EU member states. These projects aim to diversify supply sources and reduce reliance on external suppliers, aligning with the European Critical Raw Materials Act of 2030, which seeks to secure 10% of domestic consumption through extraction, 40% through processing, and 25% through recycling. The projects cover various components such as extraction, processing, and recycling, and encompass 15 key strategic raw materials important for battery, defense, and space industries, including lithium, nickel, cobalt, and rare earth elements. The funding for these projects has exceeded two billion euros. An environmental assessment has been conducted for 25 projects, 17 projects have obtained building permits, and another round of submissions is scheduled for the end of 2026 to ensure the continued diversification of supply chains.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)