#EU Proposes Designating #Copper and #Nickel as Critical Metals

The European Union proposed classifying copper and nickel as critical raw materials in landmark legislation designed to bolster supplies, alongside other metals key to the energy transition.

Inclusion on the EU’s new critical raw materials list would underscore growing political angst over long-term supplies of the metals as the global decarbonization drive turbocharges demand. The new Critical Raw Materials Act — presented to lawmakers on Thursday — could open the door to expedited permitting and financing of copper and nickel mining projects in the EU, as the bloc looks to boost domestic production and ease reliance on imports.

Read more at: https://www.bloomberg.com/news/articles/2023-03-16/eu-proposes-designating-copper-and-nickel-as-critical-metals?leadSource=uverify%20wall

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