EconPapers    
Economics at your fingertips  
 

Japan’s critical metals in the medium term: a quasi-dynamic approach incorporating probability

Ojiambo N. Malala () and Tsuyoshi Adachi
Additional contact information
Ojiambo N. Malala: Akita University
Tsuyoshi Adachi: Akita University

Mineral Economics, 2022, vol. 35, issue 1, No 7, 87-101

Abstract: Abstract Japan has a competitive manufacturing industry that relies significantly on mineral resources, but few studies not initiated by the government exist to help us understand which metals are critical. In other major economies, concerns about the availability of and access to mineral resources have prompted researchers to suggest multiple methods to identify critical materials—mineral resources with high economic importance and a high risk of supply disruption—but the methods proposed so far, though sensible, should be improved. This study proposes a quasi-dynamic approach that incorporates probabilities to measure vulnerability to supply restriction as a way to improve the existing criticality methodologies. The study identifies unique probabilities for absolute price changes for 18 metals and identifies critical metals for Japan for 2000, 2005, 2011, and 2015. The study finds that niobium, molybdenum, rare earths, vanadium, tungsten, and cobalt are critical metals for Japan, and they will remain critical for the medium term (5–10 years). The study also proposes strategies for Japan to secure its supply of these critical metals.

Keywords: Critical metals; Supply risk; Criticality; Japan; Quasi-dynamic; Medium term (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s13563-021-00262-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:minecn:v:35:y:2022:i:1:d:10.1007_s13563-021-00262-7

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13563

DOI: 10.1007/s13563-021-00262-7

Access Statistics for this article

Mineral Economics is currently edited by Magnus Ericsson and Patrik Söderholm

More articles in Mineral Economics from Springer, Raw Materials Group (RMG), Luleå University of Technology
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2022-05-12
Handle: RePEc:spr:minecn:v:35:y:2022:i:1:d:10.1007_s13563-021-00262-7