Commissioner and Rapporteur Nicola BEER (Renew, DE), Rapporteur, Anna-Michelle ASIMAKOPOULOU (on behalf of INTA Committee), Jessica POLFJÄRD (on behalf of ENVI Committee), Thierry BRETON, European Commissioner for Internal Market, Miriam LEXMANN (on behalf of AFET Committee) and Franc BOGOVIČ (on behalf of REGI Committee) deliver opening statements and consequent MEPS debate on the Framework for Ensuring a Secure and Sustainable Supply of Critical Raw Materials in a plenary session in Strasbourg. Electric cars, solar panels and smartphones - all of them contain critical raw materials. They are pivotal for the EU’s green and digital transitions, and securing their supply is crucial for the European Union's economic resilience, technological leadership, and strategic autonomy. Since the Russian war against Ukraine and an increasingly aggressive Chinese trade and industrial policy, cobalt, lithium and other raw materials have also become a geopolitical factor. The Critical Raw Materials Act, informally agreed with Council in November, should make the EU more competitive and sovereign by cutting red tape, promoting innovation along the entire value chain, and supporting SMEs. It also aims to boost research and the development of alternative materials and more environmentally-friendly mining and production methods.The legislation will set up economic incentives and a more stable and secure business framework for mining and recycling projects, with faster and simpler authorisation procedures.