This is bacically a good act, but centain crtuitical minerals and metals from e.g. Australia and Canada are still needed including Scandium, IMO.
''We have to build a more resilient supply chain, supporting projects and attracting more private investment from mining to refining, processing and recycling. And while ensuring the highest social and environmental standards - the European way.
To facilitate the roll-out of targeted raw materials projects in the EU, the Commission should be empowered to list Strategic Projects – which would be labelled as of European interest – based on proposals from Member States. These projects could benefit from streamlined procedures and better access to finance.
So that the time from the start of exploration work to a mine or a refining facility possibly opening is no longer a question of decades.
Our industrial alliances in the fields of batteries, chips and hydrogen have successfully helped build partnerships, identify project pipelines, mobilise private and public funding, and address regulatory challenges. As President von der Leyen said, “We now need to replicate this success.” To mobilise the investment needed to up our game when it comes to critical raw materials, we will increase our financial participation to Important Projects of Common European Interest and create a new European Sovereignty Fund.''
https://ec.europa.eu/commission/presscorner/detail/en/STATEMENT_22_5523