📋 Tender Overview
On Tuesday, Parliament gave its final green light to plans to boost the EU’s supply of strategic raw materials.
The Critical Raw Materials Act is designed to make the EU more competitive and sovereign, by cutting red tape, fostering innovation along the entire value chain and supporting SMEs. It also aims to boost research, the development of alternative materials, and more environmentally-friendly mining and production methods.
The legislation will set up economic incentives and a more stable and secure business framework for mining and recycling projects, with faster and simpler authorisation procedures.
During negotiations with Council on the law, MEPs pushed for a stronger focus on the production and scale-up of materials that can substitute strategic raw materials. They secured the establishment of targets to foster the extraction of more strategic raw materials from waste products. MEPs also insisted on the need to cut red tape for companies, in particular small and medium-sized enterprises (SMEs).
Strategic partnerships with third countries
MEPs also highlighted the importance of strategic partnerships between the EU and third countries on critical raw materials, in order to diversify the EU’s supply, with benefits for all sides. They secured measures to pave the way for long-term partnerships with knowledge- and technology-transfer, training and upskilling for new jobs with better working and income conditions, as well as extraction and processing on the best ecological standards in partner countries.
Quote
Lead MEP Nicola Beer (Renew, DE) said: “This legislation is an industrial policy blueprint for a secure and sustainable supply of raw materials in Europe. With targeted economic incentives, we are creating project-planning certainty for private investors - through single points of contact for companies, and fast and simple authorisation procedures with clear deadlines for national authorities. This will boost mining, processing and recycling in Europe".
Next steps
The legislation was adopted with 549 votes to 43, with 24 abstentions. It will now have to be formally endorsed by the Council before publication in the Official Journal.
