What does reserves mean?
Reserves turn geological information into a more constrained supply signal. The value depends on the estimate, date, market assumptions, and source document, so reserve status should not be reused as proof of delivered material, traceability, or product availability.
Source context
The EU Critical Raw Materials Act uses reserves in an upstream supply-capacity context. The term should remain tied to economic viability and assessment timing rather than treated as a static physical fact.
Official definitions by source
EU Critical Raw Materials Act
Regulation (EU) 2024/1252 establishing a framework for ensuring a secure and sustainable supply of critical raw materials
all mineral occurrences that are economically viable to extract in a particular market context
CRMA Article 2 source-specific definition layer.
Reference: Article 2, point 7
View official source
Definition status
Reviewed public draft page. Aligns with CRMA raw-material priority policy: source-bound category boundaries, concrete implementation objects, and evidence-focused commentary.
Practical application
Implementation records should capture deposit or project record, reserve estimate, economic-viability basis, assessment date, source document, material, location, operator/owner where relevant, confidence/category note, and links to extraction capacity or supply-risk records.
Minespider commentary
Reserves are upstream evidence that can be connected to supply-risk and project records, but they need to stay separated from actual extraction, shipment, processing, or product traceability evidence.
Common confusions
- Treating every mineral occurrence or resource estimate as a reserve.
- Using reserve status as proof that material has been extracted, processed, or delivered.
- Ignoring assessment date and economic assumptions when reusing a reserve estimate.
Related regulations
Related terms