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Security of mineral resources: A new framework for quantitative assessment of criticality

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  • Daw, Georges

Abstract

This article discusses the limits of economic growth through the issue of criticality of mineral raw materials. It proposes to use and expand the existing work-but not in France or for France- and then apply them to the French economy between 2009 and 2014 via the example of lithium to provide available indicators and the methodology for identifying pressure signals in the supply of raw materials not so far undetectable in existing criticality studies. After building a database on 15 years of production and world trade of lithium, a literature contextualizing the issue of criticality and articulating the criticality factors with the functioning of commodity markets is performed. The reference model of the European Commission is then explained. In addition to these introductory contributions, the main are threefold: the reconfiguration of existing indicators criticality to the French case; the proposal of a new complementary criticality indicator to the Commission's two and which takes into account not only the upstream market of the material but also its downstream processing by the economy; finally the definition of high and low criticality allows to generate twelve indicators and variants (four strong(s) and eight low) from the two previous points and subjected to robustness checks.

Suggested Citation

  • Daw, Georges, 2017. "Security of mineral resources: A new framework for quantitative assessment of criticality," Resources Policy, Elsevier, vol. 53(C), pages 173-189.
  • Handle: RePEc:eee:jrpoli:v:53:y:2017:i:c:p:173-189
    DOI: 10.1016/j.resourpol.2017.06.013
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    References listed on IDEAS

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    1. N.T. Nassar & Xiaoyue Du & T.E. Graedel, 2015. "Criticality of the Rare Earth Elements," Journal of Industrial Ecology, Yale University, vol. 19(6), pages 1044-1054, December.
    2. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39, pages 137-137.
    3. Solow, Robert M, 1974. "The Economics of Resources or the Resources of Economics," American Economic Review, American Economic Association, vol. 64(2), pages 1-14, May.
    4. John Hartwick, 1977. "Intergenerational Equity and the Investment of Rents from Exhaustible Resources in a Two Sector Model," Working Paper 281, Economics Department, Queen's University.
    5. Yaksic, Andrés & Tilton, John E., 2009. "Using the cumulative availability curve to assess the threat of mineral depletion: The case of lithium," Resources Policy, Elsevier, vol. 34(4), pages 185-194, December.
    6. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-974, December.
    7. Rosenau-Tornow, Dirk & Buchholz, Peter & Riemann, Axel & Wagner, Markus, 2009. "Assessing the long-term supply risks for mineral raw materials--a combined evaluation of past and future trends," Resources Policy, Elsevier, vol. 34(4), pages 161-175, December.
    8. Achzet, Benjamin & Helbig, Christoph, 2013. "How to evaluate raw material supply risks—an overview," Resources Policy, Elsevier, vol. 38(4), pages 435-447.
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    Cited by:

    1. Sterba, Jiri & Krzemień, Alicja & Riesgo Fernández, Pedro & Escanciano García-Miranda, Carmen & Fidalgo Valverde, Gregorio, 2019. "Lithium mining: Accelerating the transition to sustainable energy," Resources Policy, Elsevier, vol. 62(C), pages 416-426.
    2. Kim, Juhan & Lee, Jungbae & Kim, BumChoong & Kim, Jinsoo, 2019. "Raw material criticality assessment with weighted indicators: An application of fuzzy analytic hierarchy process," Resources Policy, Elsevier, vol. 60(C), pages 225-233.
    3. Griffin, Gillian & Gaustad, Gabrielle & Badami, Kedar, 2019. "A framework for firm-level critical material supply management and mitigation," Resources Policy, Elsevier, vol. 60(C), pages 262-276.
    4. Shule Li & Jingjing Yan & Qiuming Pei & Jinghua Sha & Siyu Mou & Yong Xiao, 2019. "Risk Identification and Evaluation of the Long-term Supply of Manganese Mines in China Based on the VW-BGR Method," Sustainability, MDPI, Open Access Journal, vol. 11(9), pages 1-23, May.

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