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Challenges to the European automotive industry in securing critical raw materials for electric mobility; the case of rare earths

Marc Schmid
Challenges to the European automotive industry in securing critical raw materials for electric mobility; the case of rare earths
Mineralogical Magazine (February 2020) 84 (1): 5-17

Abstract

Critical raw materials (CRMs) are crucial for the transformation towards low carbon mobility. However, their production is often highly concentrated in a few countries, which leads to supply risks. Exemplified by the case of rare earth elements (REEs) and based on in-depth interviews with corporate executives from companies along the automotive supply chain, this contribution provides insights into the strategies of the European automotive industry to cope with these supply risks. Results show a lack of awareness of REE criticality studies and their outcomes in the past, the decisive role of price competitiveness when pursuing mitigation strategies and a lack of willingness or ability to engage in rare earth (RE) projects to get access to production output and secure supply. Overall, affected companies struggle to pursue long-term oriented strategies to secure their need for REEs. These findings are discussed with regard to the new demand for CRMs due to the shift to electric mobility and the specific challenges that the automotive industry faces.


ISSN: 0026-461X
EISSN: 1471-8022
Coden: MNLMBB
Serial Title: Mineralogical Magazine
Serial Volume: 84
Serial Issue: 1
Title: Challenges to the European automotive industry in securing critical raw materials for electric mobility; the case of rare earths
Author(s): Schmid, Marc
Affiliation: Martin-Luther-Universitaet Halle-Wittenberg, Department of Economics, Halle, Germany
Pages: 5-17
Published: 202002
Text Language: English
Publisher: Mineralogical Society, London, United Kingdom
References: 140
Accession Number: 2020-049529
Categories: Economic geology, geology of ore deposits
Document Type: Serial
Bibliographic Level: Analytic
Illustration Description: illus. incl. 1 table
N35°00'00" - N71°00'00", W25°00'00" - E75°00'00"
N20°00'00" - N53°00'00", E74°00'00" - E135°00'00"
Country of Publication: United Kingdom
Secondary Affiliation: GeoRef, Copyright 2020, American Geosciences Institute. Abstract, Copyright, Mineralogical Society of Great Britain and Ireland. Reference includes data from GeoScienceWorld, Alexandria, VA, United States
Update Code: 202014
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