From everyday items to cutting-edge technology, critical raw materials (CRM) are an essential part of the EU economy. Yet supply chains are at constant risk of disruption.
One reason, is that extracting and processing CRMs often do not take place in the same place. Extraction in one region does not guarantee the availability of the processed material there.
This has enabled China to become a major processing hub for essential raw materials, like lithium and cobalt, even when they are not extracted within its borders.
The EU is dependent on imports for most essential raw materials.
Commissioned by the European Parliament’s Panel for the future of Science and Technology (STOA), a study has been examining the role that research and innovation can play in ensuring a secure, sustainable and ethical supply of critical raw materials for the EU.
The study was presented and discussed at the STOA Panel meeting (you can still watch the recording) in the European Parliament in Strasbourg on 25 April 2024.
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