“Europe’s Dependence on Critical Raw Materials: Implications for the Competitiveness and Independence of Strategic Industries”, Francesco Paron (IAI, Italy)

Since the launch of the Raw Materials Initiative back in 2009, the European Commission has stepped up efforts to ensure a secure and sustainable supply. The EU still imports 80 per cent of its demand for critical raw materials (CRMs) however. A considerable share originates in China, raising concern about an impending strategic dependence as industrial competition gains momentum.

The European Commission’s communication “Investing in a smart, innovative and sustainable industry: A renewed EU Industrial Policy Strategy”, points to two major industry trends: digitalisation and decarbonisation.

Read the whole paper here.