Earth Day | EU Key Raw Materials List Reveals How Chinese Enterprises Grasp "New Opportunities" in the Resource Field "?
Published:
2024-04-23
With the development of global economy and technological innovation, the security of raw material supply has been paid more and more attention. The purpose of this paper is to explore the background of the release of the EU list of key raw materials and its impact on Chinese enterprises, with a view to providing reference for relevant enterprises and policy makers.
With the development of global economy and technological innovation, the security of raw material supply has been paid more and more attention. As an important pole of the global economy, the EU has issued a list of key raw materials to meet the resource challenges and ensure economic stability. The move aims to clarify the raw materials that are vital to the EU economy and strengthen the monitoring and management of their supply security. This not only reflects the EU's positive response to changes in the global mineral resources market, but also an important step in strengthening the independent control of the industrial chain, promoting green transformation and achieving sustainable economic development. The list has also had a profound impact on the operations of Chinese companies in the EU market. The purpose of this paper is to explore the background of the release of the EU list of key raw materials and its impact on Chinese enterprises, with a view to providing reference for relevant enterprises and policy makers.
1. EU Key Raw Materials List and Release
The EU Key Raw Materials List (Critical Raw List) is an important list formulated by the EU in order to deal with the risk of mineral supply interruption, improve the recycling level of raw materials, the diversification of substitution rate and source channels, as well as promote its own mining development and protect the safety of raw material supply. It mainly covers the mineral supply interruption caused by geopolitical, supplier environment and other constraints, mineral resources that cannot be replaced or recycled and have a significant impact on the national economy. These raw materials are crucial for the EU's economic functioning and the development of strategic industries, especially in the high-tech and green energy sectors.
The EU list of critical raw materials was started in 2008 and has been updated every three years since 2011. Of the 34 critical raw materials identified in the 2023 updated European Critical Raw Materials Act (the European Critical Raw Materials Act), 19 are primarily from China. The following is the list of key raw materials in the EU's previous revisions:
The Impact of 2. EU Key Raw Material List on Chinese Enterprises
The EU's list of key raw materials has many implications and implications for Chinese companies.
First of all, the release of the EU's list of key raw materials provides Chinese companies with clear market demand information. By understanding the contents of the list, Chinese companies can more accurately position their products and services to meet the needs of the EU market, thereby expanding market share. Secondly, it provides opportunities for cooperation and investment for Chinese enterprises. Chinese enterprises can make use of their advantages in raw material mining, processing and production to cooperate with EU enterprises to jointly develop key raw material markets, or consider investing in factories or setting up R & D centers in the EU to better integrate into the EU industrial chain and supply chain.
However, the release of the EU list of key raw materials also poses certain challenges. Chinese companies should ensure that their operations in the EU market are legal and compliant to safeguard their reputation and long-term interests. Chinese companies need to actively strengthen communication with various stakeholders, fully integrate into the EU EIT RawMaterials supply guarantee network, and gain the trust of the EU and member states by combining long-term supply contracts with EU companies with high-quality social responsibility. In addition, Chinese companies also need to pay attention to the trade protection measures and restrictive measures that the EU may take in key raw materials. In the context of the EU's strengthening of raw material supply chain management and security, Chinese companies need to pay close attention to relevant policy changes and strengthen risk assessment and compliance management to deal with possible trade barriers and market access issues.
3. Countermeasures for Chinese Enterprises
Facing the coexistence of challenges and opportunities in the EU's key raw material list, Chinese companies should maintain strategic determination, actively respond to market changes and policy adjustments, strengthen technological innovation and management innovation, establish a stable supply chain system, and enhance brand image and market competitiveness, Strengthen international cooperation and exchanges, focus on sustainable development and social responsibility, and continuously improve their core competitiveness and sustainable development capabilities. Specific recommendations are as follows:
Summary
The release of the EU's key raw materials list has undoubtedly had a profound impact on the global mineral resources market structure, and also brought new opportunities and challenges to the development of Chinese companies in the EU market. The key raw materials listed in the list are areas where Chinese companies have a competitive advantage. By strengthening technological innovation and brand building, Chinese companies are expected to gain more share in the EU market. However, Chinese companies need to strengthen supply chain management, enhance compliance awareness, and strengthen technological innovation and brand building to deal with possible trade barriers and market risks; at the same time, they also need to strengthen international exchanges and cooperation to jointly respond to the global mineral resources market. Challenges and opportunities.
Key words:
Previous article
Related News
Zhongcheng Qingtai Jinan Region
Address: Floor 55-57, Jinan China Resources Center, 11111 Jingshi Road, Lixia District, Jinan City, Shandong Province
