Evaluating the mineral commodity supply risk of the U.S. manufacturing sector
Science Advances
Links
- More information: Publisher Index Page (via DOI)
- Open Access Version: External Repository
- Download citation as: RIS | Dublin Core
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.
Study Area
| 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 |
| Google Analytic Metrics | Metrics page |