European Court of Auditors (ECA) announced that it will publish a February report assessing the European Union’s progress on securing critical raw materials (CRMs) needed for the energy transition. The audit will evaluate the EU’s 2024 CRM Act, which sets 2030 targets to extract 10 % and process 40 % of the Union’s annual consumption of strategic raw materials, limit any single third‑country supplier to 65 % of consumption, and achieve 25 % recycling of strategic raw materials. Current data show the EU remains heavily dependent on imports, with limited domestic extraction capacity and very low recycling rates for many CRMs such as lithium, cobalt and rare earths. The report will examine whether the EU’s diversification, domestic production, and circularity initiatives are on track to meet the 2030 objectives.
© European Union, 1996‑ – Source: European Court of Auditors (https://www.eca.europa.eu ).
Adapted under CC BY‑4.0 (https://creativecommons.org/licenses/by/4.0/ )
https://www.eca.europa.eu/en/news/NEWS2026_01_NEWSLETTER_01
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.