Toward dynamic evaluations of materials criticality: A systems framework applied to platinum

Yuan, Y; Yellishetty, M; Mudd, GM; Muñoz, MA; Northey, SA; Werner, TT

Toward dynamic evaluations of materials criticality: A systems framework applied to platinum

Yuan, Y Yellishetty, M Mudd, GM Muñoz, MA Northey, SA Werner, TT

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Publisher:: ELSEVIER
Publication Type:: Journal Article
Citation:: Resources, Conservation and Recycling, 2020, 152
Issue Date:: 2020-01-01

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Field	Value	Language
dc.contributor.author	Yuan, Y
dc.contributor.author	Yellishetty, M
dc.contributor.author	Mudd, GM
dc.contributor.author	Muñoz, MA
dc.contributor.author	Northey, SA
dc.contributor.author	Werner, TT
dc.date.accessioned	2020-09-20T04:20:29Z
dc.date.available	2020-09-20T04:20:29Z
dc.date.issued	2020-01-01
dc.identifier.citation	Resources, Conservation and Recycling, 2020, 152
dc.identifier.issn	0921-3449
dc.identifier.issn	1879-0658
dc.identifier.uri	http://hdl.handle.net/10453/142773
dc.description.abstract	© 2019 Elsevier B.V. A criticality assessment framework is introduced to quantitatively evaluate mineral supply-risk drivers, end-user vulnerabilities, market-dynamic indicators, and their interconnections in a time-dependent manner. Using this framework, we analyzed the criticality of platinum from 1975 to 2015, considering major regional end users (Europe, North America, Japan, and China) and producers (South Africa and Russia). Our analysis demonstrates that: (1) The global supply risk of platinum is strongly influenced by South Africa's socio-political status and its dominance over global supply and reserves; (2) Production from South Africa is directly affected by the level of social progress in the region, while price is indirectly affected; (3) Platinum prices are more closely associated with production from South Africa than those from North America and Russia; (4) These prices are more connected with consumption in North America than in other regions; (5) Europe is more vulnerable to supply restrictions than North America, Japan, and China in the context of economic importance, consumption and import reliance. Our methodology shows that a detailed, dynamic understanding of constraints, drivers and trends in material supply risks and vulnerabilities can be achieved, although this requires annual reporting of data that can be challenging to compile. As such, there remain challenges in replicating the assessments demonstrated here for other potentially critical metals.
dc.language	English
dc.publisher	ELSEVIER
dc.relation.ispartof	Resources, Conservation and Recycling
dc.relation.isbasedon	10.1016/j.resconrec.2019.104532
dc.rights	info:eu-repo/semantics/restrictedAccess
dc.subject	05 Environmental Sciences, 09 Engineering, 12 Built Environment and Design
dc.subject.classification	Environmental Sciences
dc.title	Toward dynamic evaluations of materials criticality: A systems framework applied to platinum
dc.type	Journal Article
utslib.citation.volume	152
utslib.for	05 Environmental Sciences
utslib.for	09 Engineering
utslib.for	12 Built Environment and Design
pubs.organisational-group	/University of Technology Sydney/DVC (Research)
pubs.organisational-group	/University of Technology Sydney/DVC (Research)/Institute For Sustainable Futures
pubs.organisational-group	/University of Technology Sydney
utslib.copyright.status	closed_access	*
dc.date.updated	2020-09-20T04:20:26Z
pubs.publication-status	Published
pubs.volume	152

Abstract:

© 2019 Elsevier B.V. A criticality assessment framework is introduced to quantitatively evaluate mineral supply-risk drivers, end-user vulnerabilities, market-dynamic indicators, and their interconnections in a time-dependent manner. Using this framework, we analyzed the criticality of platinum from 1975 to 2015, considering major regional end users (Europe, North America, Japan, and China) and producers (South Africa and Russia). Our analysis demonstrates that: (1) The global supply risk of platinum is strongly influenced by South Africa's socio-political status and its dominance over global supply and reserves; (2) Production from South Africa is directly affected by the level of social progress in the region, while price is indirectly affected; (3) Platinum prices are more closely associated with production from South Africa than those from North America and Russia; (4) These prices are more connected with consumption in North America than in other regions; (5) Europe is more vulnerable to supply restrictions than North America, Japan, and China in the context of economic importance, consumption and import reliance. Our methodology shows that a detailed, dynamic understanding of constraints, drivers and trends in material supply risks and vulnerabilities can be achieved, although this requires annual reporting of data that can be challenging to compile. As such, there remain challenges in replicating the assessments demonstrated here for other potentially critical metals.

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http://hdl.handle.net/10453/142773