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The impact of the automotive sector on our daily habits and consumption patterns constitutes a defining force in driving the sustainability transition of the EU societies and economy. As we embark on a deep and wide decarbonization journey, the spotlight shifts from hydrocarbons to metals and minerals, sparking a new era of raw materials demand.

To achieve true sustainability, these raw materials must not only guarantee security of supply but also exhibit a high degree of environmental performance. However, this presents a complex dilemma. Sustainably mined materials, essential for automotive technologies, come with a cost premium. Meanwhile, the end-product, such as electric vehicles (EVs), must remain price competitive to encourage broad adoption. This necessitates a holistic solution that addresses challenges at both ends of the value chain.

Currently, the raw materials industry finds itself in a "hen-and-egg" situation. Offtakers, crucial players in the procurement process, need business rationale to pay a premium for raw materials with high sustainability performance and security of supply. Simultaneously, consumers express a strong desire for sustainable raw materials but have problem with bearing the additional production costs associated with them.

The mining and automotive industries form two ends of an interconnected ecosystem, wherein each end relies on the other. Sustainable mining practices provide clean raw materials necessary for the automotive transition, while the demand for these materials stimulates sustainable operations within the mining sector.

Organised by: Euromines
Media Partner: EURACTIV

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