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EU: Critical Raw Materials Act came into force

23 May 2024 marked the entry into force of the Critical Raw Materials Act (“CRMA”).

At present, the EU relies almost exclusively on imports from suppliers concentrated in a limited number of countries – making it vulnerable to geopolitical risks and supply chain disruptions. The CRMA aims to secure the raw materials supply chain and sets clear priorities for the EU and Member States in order to mitigate future supply risks. As the world is increasingly realising the importance of minerals to achieve a transition to a lower carbon economy, the CRMA is part of a significant push by the EU to upscale and speed up the development of green technologies needed to meet the EU’s net-zero goals. The CRMA provides a roadmap for securing and diversifying the EU’s supply of critical raw materials and will require actions and implementation efforts from the Commission and Member States in the coming years. 

For more information, read our client briefing: The EU Critical Raw Materials Act entered into force in May 2024: Key measures to strengthen the EU’s supply chain vulnerabilities

[With] Europe over-dependent on imports, we are exposed to any disruptions to global supply chains. And in a fast-changing and increasingly challenging geopolitical environment, that represents a growing risk. So we must step up our efforts to strengthen our open strategic autonomy and reduce these dependencies” - Maroš Šefčovič, Executive Vice-President of the EU Commission for the European Green Deal on 15 November 2023


climate change & environment, energy & infrastructure, eu green deal & fit for 55, net zero, renewables, eu-wide, blog posts