Critical Minerals Today and in 2030 An Analysis for OECD Countries

Raw materials are essential for the global economy and future development depends on their continued supply. Like fossil fuels, minerals are non-renewable. In general, their deposits in the Earth's crust are also geographically clustered, making security of supply a potential risk. In many case...

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Bibliographic Details
Main Author: Coulomb, Renaud
Other Authors: Dietz, Simon, Godunova, Maria, Bligaard Nielsen, Thomas
Format: eBook
Language:English
Published: Paris OECD Publishing 2015
Series:OECD Environment Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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520 |a Raw materials are essential for the global economy and future development depends on their continued supply. Like fossil fuels, minerals are non-renewable. In general, their deposits in the Earth's crust are also geographically clustered, making security of supply a potential risk. In many cases, the exhaustion of economically competitive minerals deposits in industrialized countries has made supplies increasingly dependent on the political stability of mineral-rich emerging economies. At the same time, increasing demand from these emerging markets, new technologies that require large amounts of rare minerals , low substitutability in applications and low rates of recycling have made economies more vulnerable to potential supply disruptions. Consequently policy-makers in several OECD countries and regions have developed reports that assess the vulnerability of their respective economies to disruptions in the supply of minerals. A common aim of many of these studies is the identification of a list of so-called 'critical minerals', defined as minerals for which the risk of disruptions in supply is relatively high and for which supply disruptions will be associated with large economic impacts