Regulation EU 2024/1252 establishing a framework for ensuring a secure and sustainable supply of critical raw materials

REGULATION 2024/1252  of the European Parliament and of the Council of 11 April 2024  amending Regulations (EU) No 168/2013, (EU) 2018/858, (EU) 2018/1724 and (EU) 2019/1020.

The general objective of this Regulation is to improve the functioning of the internal market by establishing a framework to ensure the Union’s access to a secure, resilient and sustainable supply of critical raw materials, including by fostering efficiency and circularity throughout the value chain.

To achieve the above general objective  this Regulation lays down measures aiming to:

(a)  lower the risk of supply disruptions related to critical raw materials likely to distort competition and fragment the internal market, in particular by identifying and supporting strategic projects that contribute to lowering dependencies and diversifying imports and by undertaking efforts to incentivise technological progress and resource efficiency in order to moderate the expected increase in the Union consumption of critical raw materials;

(b) improve the Union’s ability to monitor and mitigate the supply risk related to critical raw materials;

(c) ensure the free movement of critical raw materials and products containing critical raw materials placed on the Union market while ensuring a high level of environmental protection and sustainability, including by improving their circularity.

Text of the Regulation: OJ_L_202401252_EN_TXT

Source: Official Journal of the European Union L series