Geotherm Fora factsheet about Critical Raw Materials Act (CRMA)

The CRMA establishes a list of 34 critical raw materials and sets targets to increase the EU contribution of these critical materials (10% for the extraction, 40% for processing, and 15% for recycling). To achieve these targets, the regulation called for a quick and simplified permit procedure and for risk analysis of possible dependencies.

It also requests national exploration campaigns, higher investment in research, innovation and skills, and protection of the environment by promoting the circularity and sustainability of critical raw materials.

On the global stage, the regulation identified measures to diversify imports of critical raw materials, ensuring that not more than 65% of the Union’s consumption of each strategic raw material comes from a single third country.

Read the full factsheet.