European Action Plan on Critical Raw Materials

Country / jurisdiction: European Union · Year: 2020 · Status: In force · Level: Regional · Type: Voluntary

The European Action Plan on Critical Raw Materials is a strategic plan designed to increase EU resilience and open strategic autonomy with respect to critical raw materials. The plan includes the European Union's Critical Raw Materials List and presents the challenges for a secure and sustainable supply of critical raw materials. The plan also announced the creation of the European Raw Materials Alliance, which aims to carry out the plan's objectives.

The plan stresses the importance of:

-Developing resilient value chains for EU industrial ecosystems;

-Reducing dependency on primary critical raw materials through circular use of resources, sustainable products and innovation;

-Strengthening the sustainable and responsible domestic sourcing and processing of raw materials in the European Union; and

-Diversifying supply with sustainable and responsible sourcing from third countries, strengthening rules-based open trade in raw materials and removing distortions to international trade.

Official source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52020DC0474