Raw materials: Council adopts position to reinforce the security of supply and the circularity of EU industry

The Council has adopted its position on amending the Critical Raw Materials Act (CRMA). The amendments proposed by the Commission transfer the responsibility for identifying large companies using critical raw materials (CRMs) from member states to the European Commission.

They also improve the management, transparency, and accountability of large companies in securing critical raw materials. Additionally, the proposal from the Commission empowers it to suggest the measures large companies, facing potential supply disruptions, must take to ensure uninterrupted production. Finally, the amendments propose measures to increase the recycling of permanent magnets.

The Council position supports the objectives of the proposal but requires the Commission to inform member states and the European critical raw materials board of which companies have been identified as ‘large companies’ and what are their vulnerabilities. It also clarifies the Commission's authority to propose risk-mitigation measures. Finally, the Council allows the use of digital product passports to comply with information obligations about permanent magnets.

Find more information on the official website of the Council of the EU.