What are the critical raw materials?

Critical Raw Materials (CRMs) are those raw materials which are economically and strategically important for the European economy, but have a high-risk associated with their supply.

What are Europe’s raw materials?

Raw materials are crucial to Europe’s economy….Fourth list of critical raw materials for the EU of 2020.

2020 critical raw materials (new as compared to 2017 in bold)
Antimony Hafnium Phosphorus
Coking coal Natural rubber Bauxite
Fluorspar Niobium Lithium
Gallium Platinum Group Metals Titanium

Where do critical raw materials come from?

For the critical raw materials, their high supply risk is mainly due to the fact that a high share of the worldwide production comes from China (antimony, fluorspar, gallium, germanium, graphite, indium, magnesium, rare earths, tungsten), Russia (PGM), the Democratic Republic of Congo (cobalt, tantalum) and Brazil ( …

What are the most important raw materials?

The European Commission drew a list (to be updated during Raw Materials Week 2017) of these Critical Raw Materials, now amounting to the following twenty: Antimony, Beryllium, Borates, Chromium, Cobalt, Coking coal, Fluorspar, Gallium Germanium, Indium, Magnesite, Magnesium, Natural Graphite, Niobium, Platinum Group …

What are the types of raw materials?

Examples of raw materials include steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.

Is aluminium a critical raw material?

Thanks to its unique properties, aluminium has become the material of choice for clean technology producers in applications like renewable energy, batteries, electricity systems, resource-efficient packaging, energy-efficient buildings, and clean mobility. …

What are Europe’s two main natural resources?

Europe has abundant supplies of two natural resources—coal and iron ore—needed for an industrialized economy. The map above shows a band of coal deposits stretching from the United Kingdom across to Belgium and the Netherlands and from there to France, Germany, and Poland.

What is the raw material of CRM?

Compared to the 2011 CRMs list, the 2017 CRMs list includes ten additional critical raw materials: baryte, borate, vanadium, bismuth, hafnium, helium, natural rubber, phosphate rock, phosphorus and silicon metal.

What do you mean by raw materials?

Raw materials are the input goods or inventory that a company needs to manufacture its products. Examples of raw materials include steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.

Why do we need raw materials?

Raw materials play an important role in the production process to a great extent as the success of the economy of a country is determined by the amount of natural resources held by a country within its borders. A country holding ample amount of natural resources does not require importing of as many raw materials.

What type of cost is raw materials?

Raw materials are categorized as direct expenses on a company’s income statement because they contribute directly to the making of a product or delivery of a service. As raw material costs change along with production volumes, they are considered to be variable costs.

When was the EU list of critical raw materials published?

Methodology on CRMs – in July 2017, the Commission published a revised methodology for establishing the EU list of critical raw materials. The synthesised guidelines build on the methodology used for the lists of CRMs in 2011 and 2014.

What are the most critical materials in the EU?

This 2013 list includes thirteen of the fourteen materials identified in the previous report, with only tantalum (due to a lower supply risk) moving out of the EU critical material list. Six new materials enter the list: borates, chromium, coking coal, magnesite, phosphate rock and silicon metal.

Why is the list of critical raw materials important?

The study serves as a basis for identifying raw materials included in the updated 2017 list of critical raw materials for the EU established by the European Commission. The identification of critical raw materials at EU level is an important cross-cutting action of the EU’s raw materials strategy. ISSN – Footer

Who are the major suppliers of raw materials to the EU?

China is the major supplier of critical raw materials, accounting for 70% of their global supply and 62% of their supply to the EU (e.g. rare earth elements, magnesium, antimony, natural graphite, etc.). Brazil (niobium), USA (beryllium and helium), Russia (palladium) and South Africa (iridium, platinum,…