Critical Raw Materials Act

The Critical Raw Materials Act (Regulation (EU) 2024/1252) aims to ensure a secure and sustainable supply of critical raw materials for the EU. It establishes a framework to strengthen the EU's domestic capacity for extraction, processing, and recycling of these materials, reducing reliance on third countries. The Act sets benchmarks for domestic capacity and diversification of supply by 2030. It entered into force on May 23, 2024, and is crucial for the green and digital transitions, impacting various industries including construction.

Record

• Jurisdiction European Union
• Category Material- and Product-Specific Rules
• Legal stage announced
• Binding status binding_eu_law
• Effective date 2024-05-23
• Source EUR-Lex — Regulation (EU) 2024/1252