Nikola Radić – Faculty of Business Economics and Entrepreneurship, Belgrade, Mitropolita Petra 8, Serbia
Vlado Radić – Faculty of Business Economics and Entrepreneurship, Belgrade, Mitropolita Petra 8, Serbia
Nenad Ravić – Faculty of Business Economics and Entrepreneurship, Belgrade, Mitropolita Petra 8, Serbia
Keywords:
Critical materials;
Uncertainty;
Development;
Environmental requirements
Abstract
The high demand for energy, food, and raw materials is putting an enormous strain on ecosystems around the planet. Therefore, the industrial strategies of many countries rely on the so-called green plan and transition toward climate neutrality. In this sense, the need for new materials greatly exceeds the existing possibilities and capacities. Critical materials are raw materials that have great economic importance and for which there is a probability of shortage. Since the world is facing more and more serious problems, whether it is an economic crisis, a pandemic, or war conflicts, the general character of the present and, one would say, future time, is uncertain. Prediction of uncertainty is a task that decision-makers must keep in mind when deciding on the present and the future, not only of economies but of entire ecosystems and populations as a whole. The paper shows how critical materials affect development and growth, and the fulfillment of environmental requirements, using examples from various industries.
Download file
LIMEN Conference
8th International Scientific-Business Conference – LIMEN 2022 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (EXE Budapest Center, Budapest, Hungary), December 1, 2022,
LIMEN Conference proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia
LIMEN Conference 2022 Conference proceedings: ISBN 978-86-80194-66-0, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2022
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Suggested citation
Radić, N., Radić, V., & Ravić, N. (2022). Supplying Critical Materials in a Time of Uncertainty. In V. Bevanda (Ed.), International Scientific-Business Conference – LIMEN 2022: Vol 8. Conference proceedings (pp. 315-322). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/LIMEN.2022.315
References
Al Barazi, S., Bookhagen, B., Damm, S., Szurlies, M., Osbahr, I., Schmidt, M., & Bastian, D. (2021). Batterierohstoffe für die Elektromobilität. Berlin, Germany. Deutsche Rohstoffagentur (DERA) in der Bundesanstalt für Geowissenschaften und Rohstoffe (BGR).
Backhaus, R. (2021). Battery Raw Materials – Where from and Where to. MTZ Worldwide, 10, 8-13.
Diess, H., Weil, S., Schmall, T., Osterloh, B., Kilian, G., & Kell, G. (2021). Aus alt mach neu: Volkswagen Group Components startet Batterie-Recycling.
https://www.volkswagen-newsroom.com/de/pressemitteilungen
Gul, M., Kotak, Y., & Muneer, T. (2016). Review the recent trend of solar photovoltaic technology. Energy Exploration & Exploitation, 34(4), 485–526.
Graedel, T., Harper, M., Nassar, N., Nuss, P., & Reck, B. (2015). Criticality of metals and metalloids. Proceedings of the National Academy of Sciences of the United States of America, 112(14), 4257-4262. Washington DC, United States. www.pnas.org/lookup/suppl/ doi:10.1073/pnas.1500415112/-/DCSupplemental
Hanson, D. (2011). Concern grows over rare-earths supply. Chemical Engineering News, 89(20), 28–29.
IEA (2022). Critical minerals threaten a decades-long trend of cost declines for clean energy technologies, France, Paris. https://www.iea.org
Li, P., Wang, W., Li, H., Miao, R., Feng, X., Qian, L., & Song, W. (2021). Foldable solar cells: Structure design and flexible materials. Nano Select, 2(5), 865-879.
Li, Z., Ma, T., Yang, H., Lu, L., & Wang, R. (2021). Transparent and colored solar photovoltaics for building integration. Solar RRL, 5(3),2000614.
Neef, C., & Jung, A-C. (2021). What is the market potential for sustainable battery recycling in Europe? Fraunhofer ISI, Press Release, Germany, Münich.
OECD. (2022). Economic Outlook, Interim Report: Economic and Social Impacts and Policy Implications of the War in Ukraine. France, Paris, OECD Publishing.
Radić, N., & Radić, V. (2021). Nestašica poluprovodnika za automobile – makroekonomske implikacije po zemlje Evropske unije, Kruševac, Srbija, Konferencija “Trendovi u poslovanju”, Zbornik radova, str. 111-122.
Schäfer, P. (2020). Neues Anodenmaterial für leistungsfähigere Li-Ion-Batterien.
Thielmann, A., Wietschel., M., Funke, S., Grimm, A., Hettesheimer, T., Langkau, S., Loibl, A., Moll, C., Neef, C., Plötz, P., Sievers, S., Tercero Espinoza, L., & Edler, J. (2020). Batterien für Elektroautos: Faktencheck und Handlungsbedarf. Munich, Germany, Fraunhofer ISI.
