Euromines is publishing a brief overview of the importance of mineral raw materials for the EU future development. Raw materials are the key enablers of many important policies that will shape our future, such as adaptation to and mitigation of the climate change challenges.
The EU has the potential to increase its capacity to source mineral raw materials domestically and sustainably. It is not a lack of resources; it is a lack of exploration with latest technology that feeds the myth of depleting resources. By increasing mineral domestic production, Europe becomes less dependent and improves its sustainable supply chain.
Mineral Raw Materials in modern society are the lifeblood of the economy. They are the basis for many sectors like agriculture, construction, IT, electronics, energy, chemistry, manufacturing, medicine. Raw materials depending industries in the EU provided 206 billion EUR of added value.
The economic importance of the raw materials sector goes far beyond the sector’s own economic activities.
Whilst engaging about 350.000 jobs within the EU, there are more than 24.6 million jobs in downstream
manufacturing industries depend on the secure supply of mineral raw materials.