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The European Commission recently released the EU Critical Raw Materials Act aimed at achieving climate-neutrality by 2050 and securing Europe’s sustainable and resilient economic growth. Eurasian Resources Group (“ERG” or “The Group”), a leading diversified natural resources group headquartered in Luxembourg, highly commends the publication of the Act.
Pursuing “metals diplomacy” through EU trade agreements and the Global Gateway strategy has the potential to strengthen sustainability and the resilience of critical raw material supply chains. While addressing perceived risks around these supply chains in light of expected significant demand and growth, it highlights their importance for achieving net zero.
The Act focuses on strategically important...
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