European Parliament Advances €2 Billion Critical Raw Materials Fund to Strengthen EU Supply Chains

Highlights

• The European Parliament's ITRE Committee approved amendments to the EU Critical Raw Materials Act by 64 votes to one, proposing a €2 billion fund and a European CRM Centre.
• The CRM Centre would coordinate strategic stockpiles, offtake support, supply-chain intelligence and investment mobilization across Europe.
• REEx warns the €2 billion fund is modest relative to full supply-chain capital needs and may not reduce dependence on Chinese processing.
• Amendments would extend permanent-magnet recyclability rules to civilian drones and hard drives, broadening the Act's industrial scope.
• Parliamentary negotiations with the Council must conclude before any measures become law, leaving supply-chain impact uncertain.