EIT RawMaterials bought Geizist Germany for its 70% supply from China.
Published
Signal category
Customers & Market
Quote
“It is what 'Geiz ist geil' bought us. Cheap over secure – it worked for thirty years, but it is a trade-off Europe can no longer afford.”
— Bernd Schäfer|EIT RawMaterials team
Company
EIT RawMaterials
Developing raw materials into a major strength for Europe #ConnectingMatters
- Industry
- Mining
- Location
- Berlin, DE
- Company size
- 192 employees
Minerals, metals and advanced materials are key enablers to achieve the objectives of the European Green Deal. Today, only a fraction of the most relevant raw materials is produced in Europe. This can be changed through a circular economy approach, through innovation in recycling, substitution, processing, mining, and exploration. It is the objective of EIT RawMaterials to secure a sustainable raw materials supply by driving innovation, education, and entrepreneurship across European industrial ecosystems. EIT RawMaterials provides a collaborative environment for disruptive and breakthrough innovations by connecting business with academia, research, and investment. It also invests in future generation of innovators for the raw materials sector through initiatives ranging from education of school students to higher qualifications for industry professionals. The company is committed to supporting Europe’s transition towards a circular, green, and digital economy whilst strengthening its global competitiveness and securing employment. On this foundation, EIT RawMaterials has been mandated by the European Commission to lead and manage the European Raw Materials Alliance (ERMA). EIT RawMaterials is an Innovation Community within the European Institute of Innovation and Technology (EIT).
Founded 2015