Critical Raw Materials Act (CRMA) 2024/1252

EU's strategic raw material supply chains overly dependent on single-source countries.

Key Obligations

["Large companies: annual audit of strategic raw material supply chains", "Identify concentration risks (>65% from single third country)", "Develop sourcing diversification plan", "Report to national competent authority"]

Penalty Ranges

{"note": "Member state penalties for non-compliance with audit requirements"}

Mandatory Deadline: 2025-05-23

Affected HS Codes: ["25", "26", "28", "81"]

Issuing Authority: European Commission

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