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Key raw materials: EU releases the latest list of key raw materials
Recently, the European Commission (European Commission) announced a revised list of key raw materials, including 30 key raw materials including bauxite, titanium, lithium, and strontium.
Compared with the previous list, although the European Commission removed helium from the list this time, given that the concentration of helium supply is still worrying, it will continue to pay attention to this raw material.
The European Commission drew up the first list of key raw materials in 2008 and revised them in 2014 and 2017 respectively. In 2017, the updated list added 7 kinds of raw materials, bringing the total number to 27, and the total number is 30 after this revision.
It is reported that the European Commission will release the next list update in three years.
Although the term "key raw materials" does not currently have a unified definition, it usually refers to metals and minerals that have important economic significance for a particular industry, sector or field but are facing a crisis of supply shortage.
In addition, low substitutability and low recycling rates also exacerbate the supply risks of key raw materials.
The European Commission has included lithium, titanium, bauxite (aluminum raw materials) and strontium in the list of key raw materials this time, indicating that it has recognized the growing strategic importance of these commodities in promoting the development of clean technology.
Several of the newly listed raw materials are mostly used in applications such as clean transportation, renewable energy and batteries, and will play a key role in the EU's transition to a low-carbon circular economy.
This is essential for the European Commission to achieve the goal of "2050 climate neutrality" and create an economy with zero net greenhouse gas emissions.
This goal is the core of the European Green Agreement, and it is also in line with the EU's commitment to the global climate under the framework of the Paris Agreement.
The complete list of 30 key raw materials in 2020 is as follows:
- Coking coal
- Heavy rare earth elements
- Light rare earth elements
- Natural graphite
- natural rubber
- Platinum group metals
- Phosphate rock
- Silicon metal