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How to evaluate raw material supply risks—an overview

Benjamin Achzet and Christoph Helbig

Resources Policy, 2013, vol. 38, issue 4, 435-447

Abstract: Some strategic raw materials do have an extremely unsecure supply situation. Several working groups around the world have made criticality assessments for metallic raw materials to analyze the driving impact factors for this instability. However, the influences on raw material availability are manifold and therefore criticality assessment methods are very heterogeneous. Here we give an overview about the differences and similarities of supply risk evaluation in 15 criticality assessment methods. We take the example of Indium, which has been rated in 60% of these criticality studies, and show which data base is used for supply risk evaluation. Our results show a lack of consensus about which indicators give reliable information for raw material supply risk and how these indicators should be aggregated. We anticipate our essay to be a starting point for more justified indicator selection and weighting in criticality assessments.

Keywords: Resources; Raw materials; Criticality; Supply risk; Indium; Depletion time (search for similar items in EconPapers)
JEL-codes: L72 O13 Q31 (search for similar items in EconPapers)
Date: 2013
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Handle: RePEc:eee:jrpoli:v:38:y:2013:i:4:p:435-447