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Critical Raw Materials – Strategies for resilience

Graph showing critical raw materials

What is a CRM?

In short, raw materials are deemed critical if they are essential for an important sector of the economy and there is a risk of shortage in supply (EU Commission, 2023). The most recent EU listing includes 34 strategic and critical raw materials. Criticality is based not only on "geological availability", which refers to the material amounts still present in the ground, it also considers economic, political, environmental, and social factors that affect access to raw materials. By definition, the availability of CRMs is limited – which has caused growing concerns about the long-term supply.

Hands holdning shedded material

Understanding the CRM Act

A regulatory shift is on the horizon with the proposed Critical Raw Materials (CRM) Act, promising to reshape industries and compliance standards for the supply of raw materials. In this first article, we take a close look at the EU’s CRM Act and examine why CRMs matter in the green energy transition and the EU’s challenges for resource independence. Additionally, we discuss how businesses can uncover opportunities for innovation and supply resilience by complying with the upcoming legislation.

A Stena Recycling employee sorting some electronics.

Unlocking the circularity potential of CRMs

The circular economy offers a sustainable approach to enhancing the resilience of the CRM supply chain. In our second article, we explore how to harness the circular economy's potential to reduce CRM demand, what strategic benefits a circular economy implementation can generate, and devise actionable steps to foster a sustainable CRM value chain.

Increasing demand for vital resources

Explore why critical raw materials are vital and gain insights into the projected demand trends.

Overcoming sustainable supply challenges

Size the obstacles obstructing the sustainable supply of Critical Raw Materials.

Business Implications and Opportunities

Understand the implications and highlight the opportunities for your business.