Critical Raw Materials: EU Parliament shows ambition to secure and diversify supplies
14 September 2023 - The European Parliament plenary meeting today adopted its position on the Critical Raw Materials Act. BusinessEurope Director General Markus J. Beyrer said:
"Securing and diversifying our supply of critical raw materials is crucial, and this was recognised by the European Parliament today in some key improvements to the Act.
We particularly welcome its support for timely permitting processes, the reduction of red tape for companies and the focus on enhancing partnerships with trading partners.
We now call on the co-legislators to work at full speed in the coming months and ensure that the CRM Act makes the EU a stronger commodity player by boosting the supply of critical raw materials."