This news update on critical raw materials is brought to you by the European Commission.
The European Commission presented today a revised list of Critical Raw Materials. The 2014 list includes 13 of the 14 materials identified in the previous list of 2011, with only tantalum moving out of the list (due to a lower supply risk).
Six new materials appear on the list: borates, chromium, coking coal, magnesite, phosphate rock and silicon metal bringing the number up to 20 raw materials which are now considered critical by the European Commission. The other 14 raw materials are: antimony, beryllium, cobalt, fluorspar, gallium, germanium, indium, magnesium, natural graphite, niobium, platinum group metals, heavy rare earths, light rare earths and tungsten. In the revised list, rare earths are for the first time split into two separate categories: light and heavy rare earths.
The list should help to incentivise the European production of critical raw materials and facilitate the launching of new mining and recycling activities. Furthermore, the list is being used by the Commission to help prioritise needs and actions. For example, it serves as a supporting element when negotiating trade agreements, challenging trade distortion measures or promoting research and innovation. It can also serve as a source of information for companies who would wish to evaluate the criticality of their own supply of raw materials.
For more information on the critical raw materials, please visit the European Commission link above. Please contact Nexreg for our Regulatory Services.