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The Call for evidence preliminary to the Act was made in autumn 2022. [22] The Act "identifies a list of strategic raw materials, which are crucial to technologies important to Europe's green and digital ambitions and for defence and space applications, while being subject to potential supply risks in the future."
The "Final 2023 Critical Materials List" was determined by the United States Department of Energy (DOE), [5] with the Undersecretary for Science and Innovation involvement. . This list incorporates materials deemed critical for energy applications and minerals from the 2022 final list designated by the Department of the Interior through the United States Geological Survey (USG
Figure gives a summary of critical raw materials lists reported by the European Commission in 2011, 2014 and 2017. The Critical Raw Materials Act came into effect on 23 May 2024. It specifies a list of 34 CRM, including 17 raw materials [c] considered strategic. [10] [11]
The Minerals Security Partnership (MSP) is a transnational association whose members seek to secure a stable supply of raw materials for their economies. [1] The MSP is composed of 14 countries and the EU: Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, South Korea, Sweden, the United Kingdom, the United ...
Additional Ukraine Supplemental Appropriations Act, 2022 Making emergency supplemental appropriations for assistance for the situation in Ukraine for the fiscal year ending September 30, 2022, and for other purposes. Pub. L. 117–128 (text), H.R. 7691, 136 Stat. 1211, enacted May 21, 2022: 117-129 May 21, 2022
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As of 2024, the Congo contains an estimated $24 trillion in raw mineral deposits, making it the world's richest country measured by wealth of natural resources. [11] The international market for critical minerals driven by the clean energy transition grew from $160bn to $320bn from 2017-2022, similarly increasing demand in the Congo for ...
Strategic materials encompass a subset of raw materials required to make a product. The strategic materials may be limited in number or subject to shortages. In this case, the strategic plan would call for an alternative supply chain or alternative materials in the event of a breakdown in the current supply chain. [citation needed]