Direct materials are the supplies you use to manufacture your inventory: wood for cabinets, steel for girders or wool for coats. Accountants distinguish direct materials from indirect materials, which ...

The manufacturing industry has always struggled with balancing raw materials supply and demand. Finding the right balance is crucial as it can impact both production costs and profits. Inefficiencies ...

In March 2024, the Council adopted the European critical raw materials act, as demand for rare earths is expected to increase exponentially in the coming years. Critical raw materials (CRMs) are raw ...

The Council and the European Parliament today reached a deal on the proposed regulation establishing a framework to ensure a secure and sustainable supply of critical raw materials, better known as ...