IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v54y2017icp88-96.html
   My bibliography  Save this article

How “black swan” disruptions impact minor metals

Author

Listed:
  • Sprecher, Benjamin
  • Reemeyer, Laurie
  • Alonso, Elisa
  • Kuipers, Koen
  • Graedel, Thomas E.

Abstract

As new technology is introduced, demand for certain materials will increase and demand for others will diminish. Base metal supply is generally elastic and can be expected to respond to demand. However, most minor metals—or “companion metals”—are coproduced with base metals and therefore have severely limited supply elasticity. If technological or societal change leads to a major demand reduction for a base metal, this could cause significant supply constraints for its companion metals.

Suggested Citation

  • Sprecher, Benjamin & Reemeyer, Laurie & Alonso, Elisa & Kuipers, Koen & Graedel, Thomas E., 2017. "How “black swan” disruptions impact minor metals," Resources Policy, Elsevier, vol. 54(C), pages 88-96.
    • Handle: RePEc:eee:jrpoli:v:54:y:2017:i:c:p:88-96
    DOI: 10.1016/j.resourpol.2017.08.008
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420717300867
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2017.08.008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. T. E. Graedel & Barbara K. Reck, 2016. "Six Years of Criticality Assessments: What Have We Learned So Far?," Journal of Industrial Ecology, Yale University, vol. 20(4), pages 692-699, August.
    2. Alexandre Tisserant & Stefan Pauliuk, 2016. "Matching global cobalt demand under different scenarios for co-production and mining attractiveness," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-19, December.
    3. Alexandre Tisserant & Stefan Pauliuk, 2016. "Matching global cobalt demand under different scenarios for co-production and mining attractiveness," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-19, December.
    4. Bustamante, Michele L. & Gaustad, Gabrielle, 2014. "Challenges in assessment of clean energy supply-chains based on byproduct minerals: A case study of tellurium use in thin film photovoltaics," Applied Energy, Elsevier, vol. 123(C), pages 397-414.
    5. E. M. Harper & Goksin Kavlak & Lara Burmeister & Matthew J. Eckelman & Serkan Erbis & Vicente Sebastian Espinoza & Philip Nuss & T. E. Graedel, 2015. "Criticality of the Geological Zinc, Tin, and Lead Family," Journal of Industrial Ecology, Yale University, vol. 19(4), pages 628-644, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Florian Fizaine, 2019. "The Economics of Recycling Rate: new insights from a Waste Electrical and Electronic Equipment," Policy Papers 2019.01, FAERE - French Association of Environmental and Resource Economists.
    2. Li, George Yunxiong & Ascani, Andrea & Iammarino, Simona, 2024. "The material basis of modern technologies. A case study on rare metals," Research Policy, Elsevier, vol. 53(1).
    3. Hayes, Sarah M. & McCullough, Erin A., 2018. "Critical minerals: A review of elemental trends in comprehensive criticality studies," Resources Policy, Elsevier, vol. 59(C), pages 192-199.
    4. Liu, Haiping & Li, Huajiao & Qi, Yajie & An, Pengli & Shi, Jianglan & Liu, Yanxin, 2021. "Identification of high-risk agents and relationships in nickel, cobalt, and lithium trade based on resource-dependent networks," Resources Policy, Elsevier, vol. 74(C).
    5. Hale Çetinay & Franco Donati & Reinout Heijungs & Benjamin Sprecher, 2020. "Efficient computation of environmentally extended input–output scenario and circular economy modeling," Journal of Industrial Ecology, Yale University, vol. 24(5), pages 976-985, October.
    6. Joost Vogtländer & David Peck & Dorota Kurowicka, 2019. "The Eco-Costs of Material Scarcity, a Resource Indicator for LCA, Derived from a Statistical Analysis on Excessive Price Peaks," Sustainability, MDPI, vol. 11(8), pages 1-20, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chen, Jinyu & Luo, Qian & Tu, Yan & Ren, Xiaohang & Naderi, Niki, 2023. "Renewable energy transition and metal consumption: Dynamic evolution analysis based on transnational data," Resources Policy, Elsevier, vol. 85(PB).
    2. Song, Huiling & Wang, Chang & Sun, Kun & Geng, Hongjun & Zuo, Lyushui, 2023. "Material efficiency strategies across the industrial chain to secure indium availability for global carbon neutrality," Resources Policy, Elsevier, vol. 85(PB).
    3. Rachidi, Ntebatše R. & Nwaila, Glen T. & Zhang, Steven E. & Bourdeau, Julie E. & Ghorbani, Yousef, 2021. "Assessing cobalt supply sustainability through production forecasting and implications for green energy policies," Resources Policy, Elsevier, vol. 74(C).
    4. Becker, Jonathon M., 2021. "General equilibrium impacts on the U.S. economy of a disruption to Chinese cobalt supply," Resources Policy, Elsevier, vol. 71(C).
    5. Elshkaki, Ayman & Graedel, T.E., 2015. "Solar cell metals and their hosts: A tale of oversupply and undersupply," Applied Energy, Elsevier, vol. 158(C), pages 167-177.
    6. Dewulf, Jo & Blengini, Gian Andrea & Pennington, David & Nuss, Philip & Nassar, Nedal T., 2016. "Criticality on the international scene: Quo vadis?," Resources Policy, Elsevier, vol. 50(C), pages 169-176.
    7. Liu, Wei & Li, Xin & Liu, Chunyan & Wang, Minxi & Liu, Litao, 2023. "Resilience assessment of the cobalt supply chain in China under the impact of electric vehicles and geopolitical supply risks," Resources Policy, Elsevier, vol. 80(C).
    8. Sebastian Ernst Volkmann & Felix Lehnen & Peter A. Kukla, 2019. "Estimating the economics of a mining project on seafloor manganese nodules," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 32(3), pages 287-306, November.
    9. Seck, Gondia Sokhna & Hache, Emmanuel & Barnet, Charlène, 2022. "Potential bottleneck in the energy transition: The case of cobalt in an accelerating electro-mobility world," Resources Policy, Elsevier, vol. 75(C).
    10. Benjamin Jones & Viet Nguyen‐Tien & Robert J. R. Elliott, 2023. "The electric vehicle revolution: Critical material supply chains, trade and development," The World Economy, Wiley Blackwell, vol. 46(1), pages 2-26, January.
    11. Sören Lars Nungesser & Stefan Pauliuk, 2022. "Modelling Hazard for Tailings Dam Failures at Copper Mines in Global Supply Chains," Resources, MDPI, vol. 11(10), pages 1-27, October.
    12. Piçarra, Alexandre & Annesley, Irvine R. & Otsuki, Akira & de Waard, Robbert, 2021. "Market assessment of cobalt: Identification and evaluation of supply risk patterns," Resources Policy, Elsevier, vol. 73(C).
    13. Liu, Sen & Dong, Zhiliang & Ding, Chao & Wang, Tian & Zhang, Yichi, 2020. "Do you need cobalt ore? Estimating potential trade relations through link prediction," Resources Policy, Elsevier, vol. 66(C).
    14. Hache, Emmanuel & Seck, Gondia Sokhna & Simoen, Marine & Bonnet, Clément & Carcanague, Samuel, 2019. "Critical raw materials and transportation sector electrification: A detailed bottom-up analysis in world transport," Applied Energy, Elsevier, vol. 240(C), pages 6-25.
    15. Jordan, Brett, 2018. "Economics literature on joint production of minerals: A survey," Resources Policy, Elsevier, vol. 55(C), pages 20-28.
    16. Simon Glöser-Chahoud & Luis Tercero Espinoza & Rainer Walz & Martin Faulstich, 2016. "Taking the Step towards a More Dynamic View on Raw Material Criticality: An Indicator Based Analysis for Germany and Japan," Resources, MDPI, vol. 5(4), pages 1-16, December.
    17. Tang, Chen & Sprecher, Benjamin & Tukker, Arnold & Mogollón, José M., 2021. "The impact of climate policy implementation on lithium, cobalt and nickel demand: The case of the Dutch automotive sector up to 2040," Resources Policy, Elsevier, vol. 74(C).
    18. Ester Van der Voet & Lauran Van Oers & Miranda Verboon & Koen Kuipers, 2019. "Environmental Implications of Future Demand Scenarios for Metals: Methodology and Application to the Case of Seven Major Metals," Journal of Industrial Ecology, Yale University, vol. 23(1), pages 141-155, February.
    19. Helbig, Christoph & Bradshaw, Alex M. & Kolotzek, Christoph & Thorenz, Andrea & Tuma, Axel, 2016. "Supply risks associated with CdTe and CIGS thin-film photovoltaics," Applied Energy, Elsevier, vol. 178(C), pages 422-433.
    20. 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.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:54:y:2017:i:c:p:88-96. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.