Strategic raw materials projects: financ • Table.Briefings

The EU Commission wants to promote strategic raw materials projects with the Critical Raw Materials Act. But one essential aspect is missing: funding. Only this would give the legislative package real impact and give the European raw materials industry the necessary impetus, is the criticism.

The Critical Raw Materials Act (CRMA) is supposed to be part of the European response to the US Inflation Reduction Act (IRA). But while the USA has set up a massive subsidy package worth hundreds of billions with the IRA, question marks continue to surround the financing of strategic EU raw materials projects. In the draft legislation, the EU Commission mentions private sources of financing, funds from the European Investment Bank, instruments of the member states, and EU subsidy and financing programs. But can it close the gap with countries like the USA, Japan, Canada or Australia, which have been investing massively for a long time?

Strategic raw materials projects: financial situation unclear

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