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The European Parliament approved its position on a targeted revision of the Critical Raw Materials Act (CRMA) by 470 votes to 83, with 108 abstentions. The proposal includes a new European Critical Raw Materials Centre and stronger measures to secure strategic supplies.
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Italy’s Minister for Enterprises and Made in Italy, Adolfo Urso, welcomed the vote, highlighting provisions to restrict exports of scrap and waste containing permanent magnets and establish a European centre for critical raw materials.
Urso pointed to Italy’s bid to host the first European strategic stockpile of critical raw materials and the recent selection of five Italian projects among the 46 identified by the European Commission under the CRMA’s second call for projects.
Rome wants to establish the European critical raw materials storage centre in Porto Marghera, in the Veneto region. The site is connected to northeastern Italy’s logistics network, making it a potential hub for the strategic storage and management of rare earth elements.
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The Critical Raw Materials Act establishes a series of benchmarks for 2030 to strengthen Europe’s access to materials essential for the clean energy transition.
- 10%: Minimum share of the EU’s annual consumption of strategic raw materials to be extracted domestically.
- 40%: Minimum share to be processed within the EU.
- 25%: Minimum share to be met through recycling.
- 65%: Maximum share of annual EU consumption of any strategic raw material that should come from a single third country.
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