INTIEAGermany · Germany Raw Materials FundPolicyIn force

Germany Raw Materials Fund

In February 2024, the German Federal Government initiated the Raw Materials Fund to support projects ensuring the long-term procurement of critical raw materials for Germany and the EU. The fund aims to enhance the security of supply for raw materials, thereby strengthening the…

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Country / jurisdiction: Germany · Year: 2024 · Status: In force · Level: National · Type: Voluntary

In February 2024, the German Federal Government initiated the Raw Materials Fund to support projects ensuring the long-term procurement of critical raw materials for Germany and the EU.

The fund aims to enhance the security of supply for raw materials, thereby strengthening the domestic economy and reducing dependency on individual commodity exporters.

Managed by the German development bank KfW, projects related to the extraction, processing, and recycling of critical raw materials will receive equity support, particularly benefiting early-stage projects. Financing budgets per project range from EUR 50 to EUR 150 million, with a the total fund amount of EUR 1.1 billion.

Applications are ongoing, with KfW reviewing projects in collaboration with the German Mineral Resources Agency (DERA). The federal government will decide on in-depth reviews, consulting external experts.

Official source: https://www.bmwk.de/Redaktion/DE/Pressemitteilungen/2024/10/20241002-rohstofffonds-der-bundesregierung-startet.html

Source

https://www.iea.org/policies/26765

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