20 critical raw materials – major challenge for EU industry

The European Commission presented today (26 May 2014) a revised list of Critical Raw Materials. The 2014 list includes 13 of the 14 materials identified in the previous list of 2011, with only tantalum moving out of the list (due to a lower supply risk). Six new materials appear on the list: borates, chromium, coking coal, magnesite, phosphate rock and silicon metal bringing the number up to 20 raw materials which are now considered critical by the European Commission. The other 14 raw materials are: antimony, beryllium, cobalt, fluorspar, gallium, germanium, indium, magnesium, natural graphite, niobium, platinum group metals, heavy rare earths, light rare earths and tungsten (MEMO/14/377).

European Commission Vice-President Antonio Tajani, Commissioner for Industry and Entrepreneurship commented: “The Commission,in cooperation with Member States and stakeholders, is taking a wide range of measures to implement this strategy. These include a reinforced Raw Materials Diplomacy and trade policy, fostering sustainable supply within the EU and boosting resource efficiency and promoting recycling. The EU list we presented today aims at contributing to the implementation of the EU industrial policy and to ensure that European industrial competitiveness is strengthened.

European Commission Press Release – IP/14/599 – 26/05/2014

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