Industry experts are saying that the EU’s Critical Raw Materials Act will require stronger financial backing in order to be successful. The Act aims to ensure a stable supply of raw materials essential for industries such as electronics, automotive, and renewable energy.
The experts believe that while the Act is a step in the right direction, more financial support will be needed to fully implement it. They suggest that funding should be allocated towards research and development, as well as towards the recycling and recovery of critical raw materials.
Without adequate financial support, the EU may struggle to secure a stable supply of critical raw materials, which could have a negative impact on various industries. It is crucial for the EU to prioritize this issue and provide the necessary funding to ensure the success of the Critical Raw Materials Act.