Evaluating the mineral commodity supply risk of the U.S. manufacturing sector

Science Advances
By: , and 

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Abstract

Trade tensions, resource nationalism, and various other factors are increasing concerns regarding the supply reliability of nonfuel mineral commodities. This is especially the case for commodities required for new and emerging technologies ranging from electric vehicles to wind turbines. In this analysis, we utilize a conventional risk-modeling framework to develop and apply a new methodology for assessing the supply risk to the U.S. manufacturing sector. Specifically, supply risk is defined as the confluence of three factors: the likelihood of a foreign supply disruption, the dependency of U.S. manufacturers on foreign supplies, and the ability of U.S. manufacturers to withstand a supply disruption. The methodology is applied to 52 commodities for the decade spanning 2007-2016. The results indicate that a subset of 23 commodities, including cobalt, niobium, rare earth elements, and tungsten, pose the greatest supply risk. Importantly, this supply risk is dynamic, shifting with changes in global market conditions.

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Additional publication details

Publication type Article
Publication Subtype Journal Article
Title Evaluating the mineral commodity supply risk of the U.S. manufacturing sector
Series title Science Advances
DOI 10.1126/sciadv.aay8647
Volume 6
Issue 8
Year Published 2020
Language English
Publisher American Association for the Advancement of Science
Contributing office(s) National Minerals Information Center
Description eaay8647, 12 p.
Country United States
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