What Regulation (EU) 2024/1252 - Critical Raw Materials Act (CRMA): 10/40/25% Extraction/Processing/Recycling Benchmarks, 65% Single-Country Concentration Cap, Strategic Projects Fast-Track Permitting, and Large Company Supply Chain Audits for 17 Strategic Raw Materials requires
Regulation (EU) 2024/1252 (Critical Raw Materials Act, CRMA), in force from 23 May 2024, establishes a framework to ensure the EU's access to critical raw materials by setting 2030 benchmarks: EU domestic extraction of at least 10% of annual consumption, processing of at least 40%, and recycling of at least 25% of each strategic raw material (Annex I: 17 materials including lithium, cobalt, manganese, graphite, nickel, silicon metal, magnesium, titanium, tungsten); no single third country may supply more than 65% of any strategic CRM at any processing stage; the Act creates Strategic Projects (accelerated permitting: 24 months for extraction/27 months total, 12 months for processing) recognised by the European Critical Raw Materials Board; large companies (companies manufacturing strategic technologies using strategic raw materials (large companies per EU Accounting Directive)) must conduct annual supply chain audits and strategic stock assessments by 24 May 2025; Member States must establish national exploration programmes and Critical Raw Materials national contact points.
Pillar: Sustainability & ESG · Authority: European Parliament and Council of the European Union · Version: 1.0.1 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1252
SHA-256 integrity: 28ac9fdbfaa5ba7e881dd9e122e86488b3c3d7ed0152fb324d208253a061ed52
Primary Citations — 7 traced to source
- https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1252
- https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1252
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