{"id":1498440,"date":"2024-10-25T08:15:00","date_gmt":"2024-10-25T12:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1498440"},"modified":"2024-10-25T08:15:00","modified_gmt":"2024-10-25T12:15:00","slug":"visualizing-the-eus-critical-minerals-gap-by-2030","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/visualizing-the-eus-critical-minerals-gap-by-2030\/1498440\/","title":{"rendered":"Visualizing The EU’s Critical Minerals Gap By 2030"},"content":{"rendered":"

Visualizing The EU’s Critical Minerals Gap By 2030<\/span><\/p>\n

\n

The European Union\u2019s\u00a0Critical Raw Material Act<\/a>\u00a0sets out several ambitious goals to enhance the resilience of its critical mineral supply chains.<\/strong><\/p>\n

As Visual Capitalist’s Bruno Venditti details below,<\/em><\/a> the Act includes non-binding targets for the EU to build sufficient mining capacity so that mines within the bloc can meet 10% of its critical mineral demand.<\/p>\n

Additionally, the Act establishes a goal for 40% of demand to be met by processing within the bloc, and 25% through recycling.<\/p>\n

Several months after the Act\u2019s passage in May 2024, this graphic highlights the scale of the challenge the EU aims to overcome. This data comes exclusively from\u00a0Benchmark Mineral Intelligence<\/a>, as of July 2024. The graphic excludes synthetic graphite.<\/p>\n

<\/a><\/p>\n

Securing Europe\u2019s Supply of Critical Materials<\/h2>\n

With the exception of nickel mining, none of the battery minerals\u00a0deemed strategic<\/a>\u00a0by the EU are on track to meet these goals.<\/p>\n

Graphite, the largest mineral component used in batteries, is of particular concern. There is no EU-mined supply of manganese ore or coke, the precursor to synthetic graphite.<\/p>\n

By 2030, the European Union is expected to supply 16,000 tonnes of flake graphite locally, compared to a domestic mining target of 45,000 tonnes.<\/p>\n

<\/a><\/p>\n

The bloc is projected to produce 29,000 tonnes of lithium carbonate equivalent (LCE), compared to a 46,000 tonnes target.<\/p>\n

In terms of mineral processing, the bloc is expected to process 25% of its lithium requirements, 76% of nickel, 51% of cobalt, 36% of manganese, and 20% of flake graphite.<\/p>\n

The EU is expected to recycle only 22% of its lithium needs, 25% of nickel, 26% of cobalt, and 14% of manganese. Graphite, meanwhile, is not widely recycled on a commercial scale.<\/p>\n

If you enjoyed this post, be sure to check out\u00a0this graphic<\/a>, which visualizes the total cobalt supply from the top 10 producers in 2030.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 10\/25\/2024 – 04:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/commodities\/visualizing-eus-critical-minerals-gap-2030<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Visualizing The EU’s Critical Minerals Gap By 2030 The European Union\u2019s\u00a0Critical Raw Material Act\u00a0sets out several ambitious goals to enhance the resilience of its critical…<\/p>\n","protected":false},"author":0,"featured_media":1498441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1498440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1498440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1498440"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1498440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1498441"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1498440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1498440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1498440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}