Commission launches platform to aggregate demand of raw materials and boost diversification

Through this platform, buyers of critical raw materials will be able to aggregate demand and connect with suppliers, financial institutions, and storage providers.

The Raw Materials Mechanism is part of the EU's efforts to diversify supplies of critical raw materials, building on the EU Energy Platform. Because industry in the EU remains heavily dependent on a limited number of third-country suppliers, the initiative aims to reduce vulnerabilities and strengthen economic security in the face of growing geopolitical risks by giving visibility to alternative sources. For companies, particularly smaller ones, it will allow them to build partnerships beyond their existing networks.

With a focus on strategic sectors such as rare earths, defence and battery materials, the voluntary and market-based tool complements existing commercial relationships without intervening in negotiations. Companies interested in taking part in this first round can register by the end of April.