Europe Launches ECRMC as an Initiative to Strengthen the Independence of Metal Raw Materials Supply Chains

Published: Mar 24, 2026 18:27

Save

In 2026, the European Critical Raw Materials Centre (ECRMC) will be officially launched. This initiative is one of the solutions to accelerate the development of an independent supply chain, preventing the situation of “a single country supplying more than 65% of demand”.
The center will have three main functions: monitoring and assessing the raw materials demand of member countries, conducting joint procurement on behalf of members, and stockpiling and delivering inventory when necessary.
ECRMC, as some have commented as a “Tinder for metals,” will work with stakeholders to design a minimum pricing mechanism and framework. The first joint purchasing activity will begin in March 2026 through a platform that connects suppliers and purchasers.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

【SMM Flash News】Indonesia Set to Decide on Coal Export Tax and RKAB Production Hike Tomorrow

Finance Minister Purbaya Yudhi Sadewa confirmed on Wednesday (March 25) that the government will finalize the specific tariff for a coal export tax and revised 2026 RKAB production targets during a high-level meeting tomorrow, March 26. President Prabowo Subianto has already indicated a specific "target figure" for the tax to capture windfall profits as global coal prices soar above US$135 per ton. Minister Purbaya noted that the government will prioritize fiscal impact over corporate resistance, as coal hits US$135/t. Minister Airlangga confirmed 2026 RKAB production hikes to offset global energy risks, while President Prabowo ordered an immediate shift from diesel (PLTD) to solar energy to counter crude prices breaching US$100/bbl.

Common.Time.minsAgo

Common.Time.hoursAgo

Macro Sentiment Recovery Boosted the Nonferrous Metals Sector; Tin Prices Rebounded in the Short Term, but Support Remained Insufficient [SMM Tin Futures Brief Review]

[SMM Tin Brief Commentary: Improving Macro Sentiment Boosted the Nonferrous Metals Sector, Tin Prices Rebounded in the Short Term but Support Remained Insufficient]

Common.Time.hoursAgo

Jiangxi Weike Tech Files 54.81M Yuan Intelligent Project for Battery Pole Pieces

SMM learned that on March 18, the intelligent capacity enhancement project for lithium/sodium-ion battery pole pieces of Jiangxi Weike Technology was officially filed, with a total investment of 54.81 million yuan. Through technological transformation and the addition of core equipment, the project will build an intelligent pole piece production line. Construction will start in March 2026 and be completed in June 2027, further strengthening the supply capability of core sodium-ion battery components.

Common.Time.hoursAgo