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How “black swan” disruptions impact minor metals

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  • 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
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    References listed on IDEAS

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    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.
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    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.

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