{"title":"Study on Evaluation of Critical Minerals for the Development of Korea's Materials-parts Industry","authors":"Yujeong Kim, Sunjin Lee","doi":"10.9719/eeg.2023.56.2.155","DOIUrl":null,"url":null,"abstract":"Through COVID-19, the importance of supply chain management of raw material minerals has been maximized. In particular, supply chain management is important for rare metals, which are difficult to manage demand and supply, in order to secure raw materials for the parts and materials industry that Korea is actively promoting. In this study, a system was established and evaluated to select Critical minerals that need to respond to Korea's industrial structure and global risks by quantifying tangible and intangible risk factors. Global Supply Concentration, Supplying country risk, Policy Social Environment Regulation, Domestic Import Instability, Risk responsiveness, Market Scale, Demand Fluctuation and Economic Importance were evaluated as evaluation indicators. The degree of risk and risk impact were quantitatively measured using the criticality matrix-criticality level. After evaluating 40 types of minerals used in domestic new growth businesses, 15 types of Critical minerals(Li, Pt, Co, V, REE, Mg, Mo, Cr, Ti, W, C, Ni, Al, Mn, Si) in Korea were selected. The results are expected to be used to establish policies to strengthen resource security and to make decisions to form a company's raw material portfolio.","PeriodicalId":44811,"journal":{"name":"Economic and Environmental Geology","volume":null,"pages":null},"PeriodicalIF":0.4000,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic and Environmental Geology","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.9719/eeg.2023.56.2.155","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"GEOLOGY","Score":null,"Total":0}
引用次数: 0
Abstract
Through COVID-19, the importance of supply chain management of raw material minerals has been maximized. In particular, supply chain management is important for rare metals, which are difficult to manage demand and supply, in order to secure raw materials for the parts and materials industry that Korea is actively promoting. In this study, a system was established and evaluated to select Critical minerals that need to respond to Korea's industrial structure and global risks by quantifying tangible and intangible risk factors. Global Supply Concentration, Supplying country risk, Policy Social Environment Regulation, Domestic Import Instability, Risk responsiveness, Market Scale, Demand Fluctuation and Economic Importance were evaluated as evaluation indicators. The degree of risk and risk impact were quantitatively measured using the criticality matrix-criticality level. After evaluating 40 types of minerals used in domestic new growth businesses, 15 types of Critical minerals(Li, Pt, Co, V, REE, Mg, Mo, Cr, Ti, W, C, Ni, Al, Mn, Si) in Korea were selected. The results are expected to be used to establish policies to strengthen resource security and to make decisions to form a company's raw material portfolio.
期刊介绍:
The Economic and Environmental Geology (Econ. Environ. Geol.) is the official journal of the Korean Society of Economic and Environmental Geology. The prime focus of the journal will remain on high-impact original research and reviews in the fields of ore deposits, economic and environmental geology of the solid Earth at all scales. To better represent the changes we face today, Econ. Environ. Geol. particularly encourages submission of papers based on the integration of a multitude of geophysical, geological, geochemical, hydrogeological, mineralogical, and applied geological approaches. Within this space, we are particularly keen to advance roles of Econ. Environ. Geol. in delivering scientific solutions to the pressing issues of our time, namely in reducing our vulnerability to the ''solid-earth'' natural hazards and in resource development applications. With growing demand for access to Earth''s resources and urgent needs to seek new solutions for dealing with harmful waste, we have enormous benefits to be gained from better a understanding of the physics of this extraordinary dynamic planet.