A call for applications on strategic projects under the Critical Raw Materials Act is open as of 23 May 2024.
The first cut off date is 22 August 2024, 12:00 CEST. Strategic projects make a meaningful contribution to the security of the Union’s supply of strategic raw materials. They are or will become technically feasible within a reasonable timeframe, showing expected production volumes, and implemented sustainably with a sufficient estimated confidence level. The Commission considers strategic projects of public interest due to their importance in ensuring the security of the supply of strategic raw materials and safeguarding the functioning of the internal market. A list of 34 CRMs, including 17 strategic raw materials (SRMs) has been created and all are materials expected to grow exponentially in terms of demand. The final list of CRMs (with SRMs* highlighted in bold) presented below will be reviewed regularly. 1. Aluminum/Bauxite/alumina 2. Coking Coal 3. Lithium 4. Phosphorus 5. Antimony 6. Feldspar 7. Light rare earth elements* 8. Scandium 9. Arsenic 1 10. Fluorspar 11. Magnesium 12. Silicon metal 13. Baryte 14. Gallium 15. Manganese 16. Strontium 17. Beryllium 18. Germanium 19. Natural Graphite 20. Tantalum 21. Bismuth 22. Hafnium 23. Niobium 24. Titanium metal 25. Boron 26. Helium 27. Platinum group metals 28. Tungsten 29. Cobalt 30. Heavy rare earth elements* 31. Phosphate Rock 32. Vanadium 33. Copper 34. Nickel The Criticial Raw Materials Act an important step forward by the European Union to address the challenges of secure and sustainable access to critical raw materials. The CRMA’s provisions are significant as a mix of industrial policy instruments together with financial and economic assessment will create a pool of projects able to sustain European requirements for CRM's for energy, decarbonisation and electrification for years to come.
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AuthorMatthew Reynolds is an accountant, management consultant and business development expert living in Germany. Archives
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