01/07/2025
Today, weโd like to highlight the Messages of Workshop 9: ๐๐๐ญ๐ฐ๐๐๐ง ๐๐ซ๐๐๐ง ๐๐ฆ๐๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐๐๐จ๐ฉ๐จ๐ฅ๐ข๐ญ๐ข๐๐๐ฅ ๐๐๐๐ฅ๐ข๐ญ๐ข๐๐ฌ: ๐๐โ๐ฌ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐๐๐ฐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ๐ฌ ๐๐๐ญ
๐ก 1. Although the demand is high, critical mineral deposits are limited and geographically scattered. While most refining capacity is concentrated in China, Europe faces acute supply chain vulnerability. The EUโs Critical Raw Materials Act seeks to mitigate this risk through its 2030 targets โ 10% domestic extraction, 40% EU processing, 25% recycling, and a cap of 65% of reliance on any single external supplier. This is demonstrated by Finlandโs raw materialsโ project, which combines local mining, European refining, green financing, and strict ESG standards into a replicable model for securing strategic raw material supply. While this is a good example to be replicated, the European Union depends on its member countries signing partner agreements to ensure a supply diversification.
๐งฉ 2. Criticalityโ means different things to different regions. Yet mostly, it is not critical to the countries that are most in need. With the attachment to energy and security come ethical concerns. For instance; in DRC, cobalt is destabilising the region, incl. environmental degradation and human insecurity. We need to create a sustainable world taking into account the social element โ whereby countries all abide by the same ethical due diligence. In order to achieve improved holistic processes with the community, we need to ensure that all people are engaged and consulted.
๐ง 3. The EU needs to have a strict monitoring process in place that encourages companies to implement the regulations. Technology development can occur best when environmental impacts are minimised and benefits for the environment and the community are maximised.
Thank you to the Org Team, the Key Participants and everyone who contributed to this vital conversation!