Critical raw materials

Traditionally, criticality assessments of raw materials have centred on minerals that underpin defence, telecommunications and other strategic industries. However, these materials have become increasingly important to the low-carbon transition, as low-carbon technologies, such as electric vehicles, require substantially larger quantities of CRMs than fossil fuel-based alternatives. 

As demand continues to grow, securing reliable and sustainable supplies of critical raw materials has become a strategic priority. To mitigate the environmental and social risks of growing demand, circular economy approaches that reduce reliance on primary extraction and improve long-term minerals security are becoming increasingly important.