Circularity Reinforcement of Critical Raw Materials in Europe: A Case of Niobium
Theresa Rennenberg,
Yifei Yu (),
Luca Fraccascia and
Devrim Murat Yazan
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Theresa Rennenberg: University of Twente
Yifei Yu: University of Twente
Luca Fraccascia: Sapienza University of Rome
Devrim Murat Yazan: University of Twente
Circular Economy and Sustainability, 2024, vol. 4, issue 4, 2449-2472
Abstract:
Abstract Critical Raw Materials attract increasing attention due to their depleting reserves and low recyclability. Niobium, one of the most rare and vital elements, is primarily found in Brazil. This research explores the potential impact of Circular Economy (CE) strategies on mitigating niobium's criticality within Europe. First, a niobium supply chain is designed and analysed by Enterprise Input–Output modelling. Second, the supply risk is calculated based on the criticality matrix proposed by the European Commission under three scenarios associated with resources, technologies, and policies. The results show that urban mining is a potential solution to reduce niobium’s criticality and mitigate its environmental impacts. A higher recycling input rate and/or a mix of recycling and substitution strategies is necessary to offset niobium’s criticality. Aligned with the CE action plan, the research offers a scientific foundation to strategically prevent the risk of niobium supply shortages.
Keywords: Critical raw materials; Circular economy; Niobium supply chain; Enterprise input–output; Scenario analysis (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:circec:v:4:y:2024:i:4:d:10.1007_s43615-024-00369-3
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DOI: 10.1007/s43615-024-00369-3
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