The EU has introduced the Critical Raw Materials Act (CRMA) to reduce dependency on imported critical minerals and metals, boosting Europe's domestic extraction, processing, and recycling capacity of battery metals (lithium, nickel, cobalt, manganese) and magnet inputs (boron, rare earths) Additionally, it calls for collective purchasing and strategic metal stock accumulation to diversify supply chains and form partnerships with emerging markets and developing economies.
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The DAPTake: China plays a dominant role in the global supply chain of these commodities. Geopolitics will have an increasing impact on these markets.