Council of the European Union and European Parliament 11 April 2024, Regulation (EU) 2024/1252 of the European Parliament and of the Council of 11 April 2024 establishing a framework for ensuring a secure and sustainable supply of critical raw materials and amending Regulations (EU) No 168/2013, (EU) 2018/858, (EU) 2018/1724 and (EU) 2019/1020 (Text with EEA relevance)

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Regulation (EU) 2024/1252 establishes a comprehensive framework to ensure a secure, resilient, and sustainable supply of critical and strategic raw materials essential for the Union's green and digital transitions. The regulation introduces criteria for identifying Strategic Projects, sets 2030 benchmarks for domestic extraction, processing, and recycling capacities, and mandates supply risk monitoring and stress testing. It further implements circularity requirements, including the recyclability of permanent magnets and environmental footprint declarations for specific materials, enforced through streamlined permit-granting processes and national penalties.AI