EU Launches Raw Materials Mechanism in April 2026, Sets 2030 Targets for Critical Mineral Supply Diversification

The European Union launched the Raw Materials Mechanism platform in April 2026 to coordinate critical mineral supplies and reduce dependence on single-source suppliers, according to reports. The initiative targets 10% of annual mineral consumption from domestic extraction, 40% from processing, 25% from recycling by 2030, and caps any single third country's supply share at 65% of annual EU consumption. The platform aggregates corporate demand, facilitates buyer-seller matching, and supports long-term procurement contracts, addressing supply chain vulnerabilities exposed by recent geopolitical risks.
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