The European Union Releases the Proposal for the Critical Raw Materials Act
On March 16, 2023, the European Commission released the proposal for the Critical Raw Materials Act, aiming to increase Europes capabilities in refining, processing, and recycling critical raw materials through a series of actions and measures, thus achieving a secure, sustainable, resilient, and diversified supply of critical raw materials. The release of this act will have a profound impact on the global raw materials market.