Summary:
The aim of the EU's Critical Raw Materials Act is to ensure a sustainable supply of critical raw materials essential for the green and digital transitions. In response to the public consultation on the topic, Cefic highlights the importance of access to economically sustainable raw materials and energy for the competitiveness of the EU's chemical industry. Critical metals, especially for catalysts, are vital despite their minimal volume. Cefic proposes a systematic approach, frequent monitoring, and improvement of waste and circularity frameworks. Strengthening the EU's critical raw materials value chain, reducing import dependencies, and fostering international trade partnerships are also emphasised. Finally, Cefic underscores the importance of maintaining the REACH regulation for chemical safety.
Cefic recommends:
- Promotion of a systematic and consistent ranking of critical raw materials to address industrial vulnerabilities.
- Frequent monitoring to highlight trade trends and identify early risks.
- Strengthening the supply chain through EU-level coordinated assessments, promoting recycling, and establishing strategic partnerships.
