Critical Raw Materials Act

GPTKB entity

Statements (27)
Predicate Object
gptkbp:instanceOf European Union law
gptkbp:adoptedBy gptkb:European_Union
2023
gptkbp:aimsTo secure supply of critical raw materials
promote sustainability in raw materials supply
reduce dependency on third countries
gptkbp:appliesTo critical raw materials
strategic raw materials
https://www.w3.org/2000/01/rdf-schema#label Critical Raw Materials Act
gptkbp:legalBasis Treaty on the Functioning of the European Union
gptkbp:officialWebsite https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/critical-raw-materials/critical-raw-materials-act_en
gptkbp:proposedBy international partnerships
support for research and innovation
creation of European Critical Raw Materials Board
monitoring and risk assessment of supply chains
strategic projects designation
streamlining permitting procedures
gptkbp:relatedTo gptkb:European_Green_Deal
EU industrial policy
EU climate goals
gptkbp:setsTarget process at least 40% of annual consumption of strategic raw materials in the EU
recycle at least 15% of annual consumption of strategic raw materials in the EU
no more than 65% of annual consumption of any strategic raw material from a single third country
extract at least 10% of annual consumption of strategic raw materials in the EU
gptkbp:status entered into force in 2024
gptkbp:bfsParent gptkb:Raw_Materials_Act_(EU)
gptkbp:bfsLayer 7