Position paper - Industry perspectives: the Critical Raw Materials Act proposal

To support the EU’s industrial competitiveness through the green and digital transitions, the European Commission’s proposal for the Critical Raw Materials (CRM) Act must be made workable for industry and respect Single Market principles. Avoiding unnecessary administrative and regulatory burdens, as well as abiding by Better Regulation Principles, are key to providing industry with the investment certainty it needs to secure a reliable supply of CRMs. The CRM Act should also respect industry’s competitiveness and economic realities by setting realistic targets and protecting confidential company information. Additionally, the Commission must clarify distinctions between critical and strategic raw materials. Finally, in partnership with industry groups, the EU should pursue comprehensive relationships with third countries, including the US, to meet its sustainability objectives.