Title | Network Analysis Shows Systemic Risk in Mineral Markets | |
Date | Monday November 30 2015, @04:43PM | |
Author | cmn32480 | |
Topic | ||
from the we-are-using-too-much-stuff-again dept. |
A shortage of a rare mineral could spur global market instabilities, according to a new analysis of international commodity trade networks.
Shortages of natural resources--minerals such as copper, aluminum, and mercury--could lead to cascading shocks and lead to instabilities in the global trade system, according to a study published today [November 13, 2015] in the journal Science Advances .
Mineral resources are increasingly important in the production of modern devices such as mobile phones and medical technologies. These resources are mined and shipped around the world through increasingly interlinked global trade networks.
"Regional shortages of minerals necessary for the manufacture of modern technologies could ripple throughout the trade system, leading to a sharp increase in the price volatility of such minerals in the global markets," says Peter Klimek, a researcher at the Medical University of Vienna, who led the study in collaboration with IIASA researchers.
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