Reflections from CLOSER Investor Day – EU CRM, Market & Industry, and Investors perspectives

August 05, 2026

During the first half of the CLOSER Investor Day, held at imec Leuven, Belgium, on 11 June, we had a valuable exchange on how Europe can scale circular critical raw materials (CRM), from policy ambition to real industrial deployment.

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EU CRM & Project Perspective

Speakers highlighted that Europe has established a strong policy and funding foundation for critical raw materials, with clear targets and instruments now in place. The agenda is shifting decisively from innovation to execution, moving beyond pilots toward scalable, interconnected value chains. Projects like CLOSER demonstrate that the capability exists, while also highlighting that regulatory complexity and fragmentation remain key barriers to rapid deployment.

Market & Industry Perspective

Market and Industry speakers pointed out that the business case for circular raw materials is clear, but scaling remains the primary challenge. Market adoption depends on consistent quality, industrial integration, and compliance with strict standards, while regulatory and operational barriers continue to slow progress. The critical priority is not technology alone, but embedding circularity into existing industrial systems at scale.

Investor Perspective

Speakers emphasized that investor appetite for circular CRM is growing, supported by strong structural drivers such as resource security and supply chain resilience. However, capital is not the constraint; bankable opportunities are. The key gap lies in developing mature, de-risked projects with clear feedstock, offtake, and scale-up pathways, enabling investors to move from interest to deployment at scale.