Mark Mistry and Marco Vallini argue that for the EU Critical Raw Materials Act to fulfil its promise to address the energy transition, industry needs planning security for both ‘critical’ and ‘strategic’ raw materials.
The proposed Regulation will introduce a wide range of sustainability requirements and promote the recycling of key battery raw materials like nickel. EU legislative work is entering a crucial phase.
The present-day principal driver in the Li-ion industry is the large batteries required for electric vehicles. Due to the size of these batteries and the relative growth of electric vehicles it is predicted that the total Li-ion energy capacity will exceed one tera watt-hour by 2030. This anticipation for a dramatically rapidly expanding industry has stakeholders all along the value chain very motivated to be ready.