In first half of 2024 the new European mining legislation regarding critical raw materials called the European Critical Raw Materials Act ("CRMA") will gain legal force. The bill on critical raw materials aims to support domestic capacity and strengthen sustainability work around value chains based on critical raw materials within the EU.
The objective is to enable green transition, secure digitalization, and protecting the defense and space industry in Europe. The law aims to increase European access to metals and minerals in order to cope with climate change and strengthen the EU's degree of self-sufficiency. According to the law, permit processes must be significantly faster, something that has been a problem in for example Sweden. In CRMA, 34 so-called critical raw materials are identified and of these, 17 are deemed to be of particular strategic importance. Among those of strategic importance is copper which occurrs in Copperheads’ project Adak.
With regard to the strategic raw materials, the EU sets several targets, among which at least 10% of the EU's annual consumption of strategic raw materials should be mined within the EU by 2030.