Industrial Policy & Trade Monitor· 2667 actions· ✨ 89 recent

The European Commission adopted Implementing Regulation (EU) 2026/1373 on June 22, 2026, imposing definitive anti-dumping duties on imports of 1,4-butanediol (BDO) originating from China, Saudi Arabia, and the United States. The regulation was published in the Official Journal of the European Union on June 24, 2026. BDO is a chemical intermediate used in engineering plastics (polyurethane, PBT), solvents, and battery electrolyte solvents (gamma-butyrolactone derivative). China is the dominant global BDO producer and the primary source of injurious dumped imports into the EU. The regulation also definitively collects provisional duties previously imposed under Regulation (EU) 2026/270.

On 3 June 2026 the European Commission adopted a legislative proposal for the Cloud and AI Development Act (CADA) — COM(2026) 502 — as part of the European Technological Sovereignty Package. The CADA proposes to triple EU data-centre capacity over five to seven years, introduces a single EU-wide sovereignty assessment framework for cloud and AI services, and establishes common EU-level procurement mechanisms for public administrations prioritising EU-based cloud and AI infrastructure. As a Commission proposal the CADA now enters co-decision (European Parliament + Council) and is not yet law; it is structurally distinct from the co-adopted Chips Act 2.0, addressing cloud infrastructure and AI compute capacity rather than semiconductor supply chains.

On 3 June 2026 the European Commission adopted a legislative proposal to amend and substantially expand the EU Chips Act (Regulation (EU) 2023/1781), as part of the European Technological Sovereignty Package. The proposal raises the mobilisation target from €43bn to €120bn, introduces new demand-side "Demand Accelerators" to aggregate public procurement, expands "Grand Challenges" to cover AI-optimised chips, caps permitting at 12 months, and widens the Strategic Partnerships on Semiconductors framework. As a Commission legislative proposal it now enters co-decision (European Parliament + Council) before becoming law; the 2023 regulation remains in force during this process.

On 20 May 2026, the Council of the EU and the European Parliament reached a provisional political agreement on two Commission regulations implementing the tariff elements of the EU-US Joint Statement of 21 August 2025. The main regulation (COM(2025)0471) eliminates remaining EU customs duties on US industrial goods and grants preferential market access for US seafood and non-sensitive agricultural products. The second regulation (COM(2025)0472) extends the suspension of EU duties on US lobster imports (including processed lobster) retroactively from 1 August 2025. Both regulations sunset on 31 December 2029 and include a Commission safeguard mechanism to suspend concessions if the US fails to meet its Joint Statement commitments.

The Council of the EU renewed the Myanmar/Burma restrictive measures framework for a further 12 months through 30 April 2027 via Council Decision (CFSP) 2026/927 and Implementing Regulation (EU) 2026/926, both adopted 27 April 2026. The regime remains substantively unchanged: asset freezes, travel bans, and service prohibitions on 105 individuals and 22 entities, including junta-linked actors with documented involvement in mineral resource extraction (Myanmar Mining Enterprise No. 1 and No. 2). This is the first EU Myanmar sanctions action filed in the IPTM register; the parallel US programme (EO 14014 / 31 CFR Part 525) targeting the same mining enterprises is tracked under the us-burma-sanctions-perimeter theme.

On 23 April 2026, the Council of the European Union adopted the 20th package of restrictive measures against Russia, anchored by Council Regulation (EU) 2026/506 amending Regulation 833/2014 (sectoral sanctions) and Council Regulation (EU) 2026/511 amending Regulation 269/2014 (asset-freeze listings — 120 additional individuals and entities, the largest single tranche in two years). The package operationalises and extends the crypto-sanctions architecture introduced in the 19th package and constructs the legal scaffolding for a future full prohibition on maritime services to vessels carrying Russian crude/petroleum products. Headline measures: (i) full sectoral prohibition on transactions with crypto-asset service providers and exchange platforms established in Russia or Belarus, plus designation of the rouble-backed stablecoin RUBx and the digital rouble (CBDC) on Annex LIII — effective 24 May 2026, with EU support for the digital rouble's development banned outright; (ii) 36 new energy-sector listings spanning upstream extraction, refining and transportation; (iii) prohibition on providing technical, financial, brokering and insurance services to Russia-flagged, Russian-certified or Russian-managed LNG tankers and icebreakers effective 25 April 2026, extending to foreign-flagged vessels operating in Russian interests by January 2027 and culminating in a categorical ban on LNG terminal services to Russian-controlled entities on 1 January 2027; (iv) full transaction ban on 20 Russian banks plus four third-country banks listed for SPFS connectivity / sanctions circumvention; (v) 46 newly listed shadow-fleet vessels and new tanker sale-due-diligence obligations on EU shipping operators; (vi) 58 designations of companies and associated individuals in the Russian military-industrial complex including drone developers/manufacturers; (vii) further Annex IV third-country circumvention enabler listings (China, Hong Kong, Turkey, UAE); (viii) parallel measures against Belarus. Entry into force on 24 April 2026 (day following publication in OJ L_202600506), except for measures with explicit deferred application dates.

The European Commission approved Bulgaria's Electricity Price Relief Scheme (State Aid Case SA.120414) under the Clean Industrial Deal State Aid Framework (CISAF), authorising €334 million for energy-intensive industries over a three-year corridor from 1 July 2025 to 30 June 2028. Aid is delivered via a reduction on beneficiaries' monthly electricity bills through their suppliers, subject to a minimum price floor of €50/MWh. This is the first EU member-state scheme approved under the CISAF framework, establishing the precedential template for subsequent CISAF approvals across the EU industrial base.

On 13 April 2026 the Council of the EU and the European Parliament reached a provisional political agreement, in trilogue with the Commission, on the new EU steel safeguard regulation that will replace the existing WTO-safeguard-based measure (Regulation (EU) 2019/159, last tightened by Implementing Regulation 2025/612) expiring on 30 June 2026. The agreement adopts the core architecture of the Commission's October 2025 proposal (procedure 2025/0726(COD)): an overall duty-free tariff-rate quota of approximately 18.3 million tonnes per year — a roughly 47% reduction versus the 2024 safeguard quotas — covering 30 product categories, with the out-of-quota customs duty raised from 25% to 50%. The deal also introduces a mandatory "country of melt and pour" declaratory requirement on steel imports and obliges the Commission to assess, within two years, whether the country of melt-and-pour should become the basis for country-specific TRQ allocations (closing transhipment loopholes that have allowed Chinese-melted steel to enter via third-country processors). The co-legislators added a reinforced and time-bound review mechanism: a first Commission review of product scope within six months of entry into force, with subsequent biennial scope reviews thereafter. Statutorily, this is a NEW instrument — a regulation adopted under the ordinary legislative procedure, not an implementing act under the WTO Agreement on Safeguards / Regulation (EU) 2015/478 — so it is filed as a new action with a `responds_to` link to the predecessor regime. Formal adoption by Council and EP plenary is expected in May 2026 ahead of the 1 July 2026 application date.

The European Commission adopted Commission Implementing Regulation (EU) 2026/801 on 9 April 2026, imposing provisional anti-dumping duties on imports of terephthalic acid (PTA, purity ≥99.5% by weight, CAS 100-21-0, CN code ex 2917 36 00 / TARIC 2917 36 00 11) originating in the Republic of Korea and Mexico, published in the OJ on 10 April 2026 and entering into force the following day. Duty rates are exporter-specific: Korean producers face 6.2% (Samnam Petrochemical, Hanwha Impact) to 13.7% (all other), with Taekwang Industrial Co. found not to be dumping (0%); all Mexican exporting producers face a flat 25.7%. The investigation was opened 13 August 2025 following a complaint by EU producer Ineos Aromatics.

The European Commission approved on 30 March 2026 an Italian state aid scheme (SA.118992) worth up to €6 billion to support domestic production of renewable hydrogen for the transport and industrial sectors, running through 31 December 2029. The scheme operates via two-way contracts for difference (CfD): a strike price is set through competitive bidding, with Italy compensating producers when market prices fall below the strike price and producers reimbursing the state when prices exceed it. SA.118992 is the first sectorally-specialised renewable-hydrogen CISAF approval on the register — distinct from the cleantech- manufacturing cohort (solar/wind/batteries) — and at €6 billion is the largest individual CISAF approval to date, roughly 4× the Bulgaria SA.120414 electricity-price precedent and ~2× Germany SA.121215.

The European Commission approved Luxembourg's €500 million state aid scheme (SA.120921) under Section 6.1 of the Clean Industrial Deal State Aid Framework (CISAF), authorising support for strategic investments that add cleantech manufacturing capacity in net-zero technologies including solar, wind, heat pumps, and batteries (including production using secondary raw materials). Aid may be granted until 31 December 2030. This is the first CISAF cleantech manufacturing capacity approval for a small EU Member State, establishing a per-capita-quantum precedent distinct from Germany SA.121215 (large MS) and Greece SA.117469 (mid MS), and closes the Luxembourg-issuer gap in the 2026 CISAF cohort.

The European Commission adopted Commission Implementing Regulation (EU) 2026/734 of 26 March 2026, imposing a provisional anti-dumping duty on imports of synthetic continuous filament yarns of aliphatic polyamides (nylon yarn) originating in China, following an investigation initiated in July 2025. The duty entered into force on 28 March 2026, with a residual rate of 90.1% of the net free-at-Union-frontier price for non-cooperating exporters and individual company rates ranging from 57.7% to 67.1% for cooperating producers. The measure covers CN codes 5402 31 00, 5402 45 00, 5402 51 00 and 5402 61 00, and importers must post security deposits equal to the provisional duty to release goods for free circulation in the EU pending a definitive determination.

On 4 March 2026 the Council of the EU adopted its general approach (negotiating position) on proposed amendments to the Critical Raw Materials Act (Regulation (EU) 2024/1252) under the RESourceEU package. The Council position transfers from member states to the European Commission the responsibility for identifying large companies using critical raw materials and mandates Commission notification to member states and company boards of CRM supply risks. It endorses mandatory permanent-magnet labelling and recycled-content declarations, product passports for permanent-magnet information obligations, and expanded Commission authority to propose risk-mitigation measures. Adoption of the general approach unlocks interinstitutional trilogue negotiations with the European Parliament.

The European Commission on 4 March 2026 adopted COM(2026) 100 final, the proposed Industrial Accelerator Act (IAA), the central horizontal industrial- policy instrument of the 2024-29 Commission term. The proposal targets raising EU manufacturing's share of GDP from 14.3% (2024) to at least 20% by 2035 via three pillars: (i) demand-side "Made in EU" and low-carbon public-procurement preferences for strategic sectors; (ii) FDI conditionality on investments above €100 million from countries with >40% global manufacturing share in batteries, EVs, solar PV or critical raw materials; (iii) accelerated permitting through a one-stop-shop and member-state-designated Industrial Acceleration Areas. The IAA is a proposal — co-decision adoption is expected mid-to-late 2027.

The European Commission approved France's €1.1 billion state aid scheme (SA.120765) under Section 6.1 of the Clean Industrial Deal State Aid Framework (CISAF), authorising a tax credit (Crédit d'Impôt Industrie Verte — C3IV) for strategic investments that add new cleantech manufacturing capacity in solar PV, onshore and offshore wind technologies, heat pumps, and battery technologies. The scheme is available across the whole of France until 31 December 2028 and is the eighth CISAF cleantech-manufacturing- capacity approval, bringing cumulative CISAF cleantech support to over €10 billion. It is the first CISAF approval delivered via a tax-credit instrument, distinct from the grant-based architectures used in the parallel Germany SA.121215, Greece SA.117469, and Luxembourg SA.120921 approvals.

On 1 May 2026 the trade pillar of the EU-Mercosur Partnership Agreement (the "Interim Trade Agreement", iTA) entered provisional application between the European Union and the four Mercosur states — Argentina, Brazil, Paraguay and Uruguay — following its publication in the EU Official Journal on 27 February 2026 alongside the broader EU-Mercosur Partnership Agreement (EMPA). The iTA covers goods (eliminating duties on more than 90% of bilateral trade over a transition period including immediate cuts on cars, pharmaceuticals, wine and olive oil), services, government procurement at federal and state level, intellectual property (344 EU geographical indications protected), SPS/TBT disciplines, and a sustainability chapter. Mercosur receives tariff-rate quotas on agri-food exports (beef, poultry, sugar, ethanol, honey). Provisional application proceeds pending full ratification of EMPA by the Council, European Parliament and all EU national parliaments and a pending CJEU opinion; only the trade pillar applies provisionally.

Directive (EU) 2026/470 of 24 February 2026, published in the EU Official Journal on 26 February 2026 and entered into force on 18 March 2026, amends the Corporate Sustainability Reporting Directive (CSRD, Directive (EU) 2022/2464) and the Corporate Sustainability Due Diligence Directive (CSDDD, Directive (EU) 2024/1760). It raises CSRD scope thresholds to undertakings with more than 1,000 employees and more than EUR 450 million net turnover, raises CSDDD scope thresholds to entities with more than 5,000 employees and EUR 1.5 billion turnover (and non-EU entities with EUR 1.5 billion EU turnover), drops the requirement to adopt or put into effect a climate transition plan under CSDDD, and replaces reasonable-assurance with limited-assurance for CSRD reports. CSRD-related provisions must be transposed by 19 March 2027; CSDDD-related provisions by 26 July 2028.

The European Investment Fund (EIF), part of the EIB Group, announced on 9 February 2026 an anchor investment of EUR 300 million (~USD 354.8 million) in Seaya Growth Tech Fund I, a Spain-based pan-European growth venture capital vehicle targeting a EUR 1 billion final close. The commitment is made under the European Tech Champions Initiative (ETCI), and the fund will make growth-stage (Series C+) equity investments in European companies across applied AI, deep-tech, fintech, climate solutions, smart manufacturing, supply-chain resilience, capital-market autonomy, cybersecurity and environmental technology. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked financial-investment-support intervention.

The European Commission approved EUR 321.8 million (approx. USD 343.4 million) in additional German state aid (case SA.104276) for Salzgitter Flachstahl GmbH's SALCOS ("Salzgitter Low CO2 Steelmaking") Stage I decarbonisation project. The increment lifted the German federal and Lower Saxony state governments' combined funding commitment for Stage I to EUR 1.322 billion, split roughly two-thirds federal (BMWK) and one-third Land Niedersachsen, after the German government publicly confirmed the top-up on 24 February 2026. Stage I comprises a 100MW electrolyser, a direct-reduction-iron plant, and an electric-arc furnace intended to replace blast-furnace/basic- oxygen-furnace production and cut CO2 emissions from the affected process by up to 95%, targeting start-up from 2027.

The European Investment Bank signed a EUR 600 million first tranche on 5 February 2026 of a EUR 1.9 billion total EIB financing commitment to Greece's Independent Power Transmission Operator (IPTO/ADMIE) for the Dodecanese Interconnection project, against a total project cost of approximately EUR 2.548 billion. The financing was approved by the EIB Board on 19 November 2025. The project builds two converter stations (Corinth and Kos), HVDC submarine cables linking Corinth to Kos, and further submarine power/fibre-optic links from Kos to Rhodes and Rhodes to Karpathos, ending diesel/heavy-fuel-oil-based electricity generation on the Dodecanese islands and connecting them to the Hellenic Electricity Transmission System.

On 3 February 2026 the European Commission opened an in-depth Phase II investigation under the Foreign Subsidies Regulation (FSR) — the second FSR ex officio case and the first targeting the renewable-energy wind-OEM sector — into whether Xinjiang Goldwind Science & Technology Co., Ltd. and its EU affiliates received Chinese foreign subsidies (grants, preferential tax treatment, and state-bank preferential financing) that distort competition for wind-turbine supply and services in the EU internal market. The case (FS.100143) follows the April 2024 preliminary-review opening and subjects Goldwind to an 18-month Phase II investigation with potential redressive-measures decision. The action structurally extends the FSR enforcement perimeter from security equipment (Nuctech, FS.100068) into the green-transition energy-equipment supply chain.

The Council of the EU adopted Implementing Regulation (EU) 2026/262, implementing Regulation (EU) 2023/1529 concerning restrictive measures in view of Iran's military support to Russia's war of aggression against Ukraine. The listing adds 4 individuals and 6 entities to the EU asset freeze, bringing the total under this regime to 24 individuals and 26 entities. Newly listed entities include Fanavaran Sanat Ertebatat Company and front-company trader Sahara Thunder (UAV electronic components and guidance systems), and Shahid Bagheri Industrial Group, Khojir Missile Development and Production, and procurement firm Pishgaman Tejarat Rafi Novin Co. (ballistic missile manufacturing and propellant-precursor procurement). All funds and economic resources of the listed parties are frozen within the EU, and EU persons/entities are barred from making funds available to them.

On 29 January 2026, the Council of the European Union adopted Council Implementing Regulation (EU) 2026/267 and the accompanying Council Decision, implementing the EU's Iran human-rights restrictive-measures regime (Regulation (EU) No 359/2011, in place since 2011 and renewed annually). The package designates 15 individuals and 6 entities over the violent repression of peaceful protests, arbitrary detention, and internet/media censorship in Iran, bringing the regime's cumulative total to 24 individuals and 26 entities. The six newly listed entities are the Iranian Audio-Visual Media Regulatory Authority (SATRA), the IRGC-linked Seraj Cyberspace Organization, the Working Group for Determining Instances of Criminal Content (WGDICC), Yaftar Pazhohan Pishtaz Rayanesh Limited Company, Douran Software Technologies, and Masaf Institute. Designated parties are subject to an EU-wide asset freeze and a prohibition on making funds or economic resources available to them; listed individuals additionally face a travel ban.

The European Investment Bank signed a EUR 400 million, seven-year loan agreement with Swedish hygiene and health group Essity on 29 January 2026 (EIB project ref. 20210374, "Essity Health and Hygiene Products RDI") to finance research, development and innovation expenditure at Essity's R&D centres in Sweden, Germany and France over 2025-2028. The financing targets product and process development across Personal Care, Professional Hygiene and medical wound care, with emphasis on replacing fossil-based plastics with bio-based materials, cutting greenhouse-gas emissions and expanding digital manufacturing solutions; roughly 30% of the RDI spend is earmarked for feminine-care and incontinence-product research. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked lending intervention (state act 96020 / intervention 151945).

On 28 January 2026 the European Commission's CINEA agency allocated a EUR 120.11 million grant to RWE Gas Storage West GmbH under the 2025 Connecting Europe Facility (CEF) Energy call, funding the "Hydrogen Storage Gronau-Epe RWE" project in Germany. The grant converts two existing salt caverns at the Gronau-Epe site to store up to 38 million Nm3 (3,420 tonnes) of renewable hydrogen working gas, and is described by CINEA as the first CEF Energy works grant awarded to a hydrogen project. It is one of 14 cross-border energy infrastructure Projects of Common/Mutual Interest sharing roughly EUR 650 million from the same call round.

On 28 January 2026 the European Commission's CINEA agency allocated a EUR 25.62 million grant to fund the "ACE Terminal Study" in the Netherlands under the 2025 Connecting Europe Facility (CEF) Energy call. The study supports development of an ammonia import and cracking (ammonia-to-hydrogen) terminal in the Port of Rotterdam, a joint venture of Royal Vopak, NV Nederlandse Gasunie and HES International. It is one of 14 cross-border energy infrastructure Projects of Common/Mutual Interest sharing roughly EUR 650 million from the same call round.

On 28 January 2026 the European Commission's CINEA agency allocated a EUR 103.69 million grant to Delgaz Grid SA (Romania), Elektroenergien Sistemen Operator EAD (Bulgaria) and Transelectrica (Romania) under the 2025 Connecting Europe Facility (CEF) Energy call, funding the "CARMEN: Smart Grids Increasing RES and Interconnectivity in the SEE Region" Project of Common and Mutual Interest. The grant supports cross-border smart-grid works to strengthen electricity interconnection and renewable-energy integration between Romania and Bulgaria. It is one of 14 cross-border energy infrastructure projects sharing roughly EUR 650 million from the same call round. CINEA formally awarded the grant certificate for the project on 21 May 2026 at the Energy Infrastructure Forum.

On 28 January 2026 the European Commission's CINEA agency allocated a EUR 62.63 million grant to Slovenské elektrárne a.s. under the 2025 Connecting Europe Facility (CEF) Energy call, funding the "works" phase of the "Modernisation of hydro pumped storage of Čierny Váh" Project of Common Interest in Slovakia. The grant covers 34.3% of eligible costs for upgrading two turbogenerator units (TG1, TG2) of Slovakia's largest pumped-storage plant to variable-speed technology and integrating a large-scale battery energy storage system of up to 80 MW / 160 MWh. It is one of 14 cross-border energy infrastructure projects sharing roughly EUR 650 million from the same call round.

On 28 January 2026 the European Commission's CINEA agency allocated a EUR 180.03 million grant to Repsol Generación Electrica SA under the 2025 Connecting Europe Facility (CEF) Energy call, funding the "Construction of the Reversible Pumped-Storage Hydroelectric Power Plant AGUAYO II" Project of Common and Mutual Interest in Cantabria, Spain. It was the single largest individual allocation of the round and the only pumped-storage project among the 14 cross-border energy infrastructure projects sharing roughly EUR 650 million from the same call. AGUAYO II will support electricity system flexibility and renewable-energy integration; CINEA states it will reduce curtailment of renewable output by an estimated 1,438 GWh/year (about 7.3% of Spain's total curtailed renewables) and cut CO2 emissions by roughly 566,000 tonnes/year by displacing two nearby combined-cycle gas plants. CINEA formally awarded the grant certificate for the project on 21-22 May 2026 at the 12th Energy Infrastructure Forum in Copenhagen. Commissioning is targeted for 31 December 2030.

Council Regulation (EU) 2026/150 of 16 January 2026 amends the founding regulation of the European High Performance Computing Joint Undertaking (Regulation (EU) 2021/1173), adding two new mandate pillars: deployment of "AI gigafactories" — large-scale, energy-efficient compute facilities supporting full-lifecycle training and inference of very large AI models for European researchers, startups and industry — and a broadened quantum technologies pillar covering quantum computing, simulation, communication, and sensing/metrology, alongside creation of a new Quantum Technologies Advisory Group (QTAG). EuroHPC JU's existing joint EU/member-state budget baseline is at least EUR 8.2bn for 2021-2027, now expanded to fund these additional pillars; the regulation entered into force 20 January 2026.

On 14 January 2026 the European Commission adopted Implementing Regulation (EU) 2026/124, amending Annex XXVIII to Council Regulation (EU) No 833/2014, lowering the price cap on seaborne Russian crude oil (CN code 2709 00) from USD 47.6 to USD 44.1 per barrel, effective 1 February 2026. This is the first application of the automatic dynamic-adjustment mechanism introduced by the 18th sanctions package (Council Regulation (EU) 2025/1494, July 2025), which re-indexes the cap every six months to 15% below the 22-week trailing average Urals market price. Contracts concluded before 31 January 2026 with cargo offloaded by 16 April 2026 remain subject to the prior USD 47.60/bbl cap. The UK aligned with an equivalent reduction the same day.

Council Regulation (EU) 2025/2605, adopted 12 December 2025 and published in the Official Journal on 30 December 2025, replaces the Annex to Regulation (EU) 2021/2278, the EU's biennial autonomous Common Customs Tariff (CCT) suspension list for products "not produced in the Union in sufficient quantity." The update adds new full and partial duty suspensions (down to 0%) for battery-production chemical inputs — including lithium metal, lithium hydroxide monohydrate and lithium carbonate, several rare-earth and yttrium/scandium compounds, cobalt oxalate, and lithium hexafluorophosphate (electrolyte salt, rated at 2.7% rather than 0%) — with a mandatory review clause for the battery-related lines by 31 December 2026. It also renews review dates for existing suspensions and removes entries no longer judged to be in the Union's economic interest. The regulation entered into force on publication but applies from 1 January 2026.

The European Investment Bank signed the first EUR 231 million tranche (EUR 16m + EUR 50m + EUR 165m) of a EUR 271 million green loan to Italy's Sunprime Holdings Srl on 22 December 2025, under the EIB-approved "Project Sophocles" solar-and-battery programme (project reference 20250247, approved 27 August 2025). The financing backs a EUR 487 million multi-year investment programme deploying roughly 280 MWp of small-scale solar PV across multiple Italian sites plus 80 MW and 270 MW of four-hour battery energy storage. A further EUR 40 million tranche signed in February 2026, and the programme was subsequently expanded to a EUR 507 million EIB/Natixis CIB co-financing package announced in March 2026. Global Trade Alert logs the December tranche as a "red" state-loan intervention on grounds that below-market EIB financing is a trade- and competition-distorting subsidy to a domestic renewable-energy developer.

The European Investment Bank signed a EUR 75 million loan with AMAG Austria Metall AG on 19 December 2025 (publicly announced 23 February 2026), financing research, development, digitalisation and environmental-sustainability upgrades at AMAG's aluminium plant in Ranshofen, Upper Austria. The credit is the first EIB operation in Austria under its new TechEU programme (accelerating industrial innovation in Europe) and benefits from InvestEU programme backing. It contributes to a wider AMAG investment programme with total projected costs of EUR 168 million over 2025-2028, and the EIB explicitly frames the financing as advancing the EU objective of a sustainable, diversified and stable supply of critical raw materials, including aluminium.