Can Europe rise to the challenge as lawmakers wave through Critical Raw Materials Act?

A draft European Union law aimed at diversifying sources of minerals listed as critical for the energy transition is set to enter into force next year after its adoption by the European Parliament, throwing down a challenge to the bloc's domestic producers to meet 10% quotas included in the legislation.

The draft Critical Raw Materials Act (CRMA) that was agreed with the European Council and Commission won overwhelming support following a plenary debate in the European Parliament late last week.