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  4. Grand challenges in anticipating and responding to critical materials supply risks
 
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2024
Journal Article
Title

Grand challenges in anticipating and responding to critical materials supply risks

Abstract
Critical materials are resources that are vulnerable to supply disruptions, where those disruptions can have significant adverse impacts on society. In the coming years, materials supply risks associated with the energy transition and geopolitics are likely to intensify and new risks are expected to emerge. This perspective identifies three "Grand Challenges" that represent frontier areas for critical materials research and highlights some promising new directions for each area: (1) extending visibility downstream to value-added materials beyond elemental forms; (2) quantifying the risks associated with market dynamics; and (3) developing tools to inform policy interventions. Emerging digital capabilities have the potential to play a significant role addressing long-standing limitations in data quality and access to unlock progress on these challenges. Progress in these areas can equip decision-makers across industry, government, and finance with tools to understand the complexity and uncertainty introduced by these real-world challenges.
Author(s)
Ku, Anthony Y.
Xiron Global, Ltd.
Alonso, Elisa
United States Geological Survey, Reston, VA, National Minerals Information Center
Eggert, Roderick
Critical Materials Innovation Hub, Golden, CO, Colorado School of Mines
Graedel, Thomas
Yale University, New Haven, CT
Habib, Komal
University of Waterloo
Hool, Alessandra
ESM Foundation, Bern
Muta, Toru
International Energy Agency -IEA-, Paris  
Schrijvers, Dieuwertje
WeLOOP, Lambersart
Tercero Espinoza, Luis Alberto  orcid-logo
Fraunhofer-Institut für System- und Innovationsforschung ISI  
Vakhitova, Tatiana
Ansys, Sheffield
Veeh, Constanze
European Commission, Brussels, DG-GROW
Journal
Joule  
Open Access
File(s)
Download (2.79 MB)
Rights
CC BY 4.0: Creative Commons Attribution
DOI
10.1016/j.joule.2024.03.001
10.24406/h-465856
Additional link
Full text
Language
English
Fraunhofer-Institut für System- und Innovationsforschung ISI  
Keyword(s)
  • Criticality

  • Energy transition

  • Material commodities

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