Publication Date: 2023/07/19
Abstract: This research paper examines the current perspectives on critical minerals, which play a vital role in various industries including technology, energy, defense, and manufacturing. Critical minerals are characterized by their economic and strategic importance, as well as their potential supply chain vulnerabilities. The paper provides an overview of commonly recognized critical minerals and their applications, highlighting the growing demand driven by technological advancements, clean energy transitions, and defense requirements. It explores the challenges and vulnerabilities associated with the supply chain of critical minerals, such as geographic concentration and environmental impacts. The study also examines policy and regulatory approaches implemented by different countries to secure critical mineral supply and discusses innovative solutions including exploration of new sources, recycling, and substitution. The economic and market implications of critical minerals, including supply disruptions and price volatility, are analyzed. The research concludes with future outlook and recommendations, emphasizing the need for diversifying supply chains and implementing sustainable and responsible management practices for critical minerals. Overall, this paper provides valuable insights into the current perspectives on critical minerals and their implications for various industries and economies.
Keywords: No Keywords Available
DOI: https://doi.org/10.5281/zenodo.8163641
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23JUN751.pdf
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