30 Million jobs in Europe depend on access to raw materials

of Alessandro Bruno

The European Union (BE) has a document called Raw Materials Initiative (Rohstoffinitiative) published. The document highlights the importance of raw materials for the economy out, against the background of rising concern bzgl. access to certain raw materials, which are essential for the current and future technological development.

The EU considers the problems related to the availability and supply situation of raw materials as a risk for Europe's economy. About 30 Million jobs in Europe depend on access to raw materials. Die High Level Steering Group of the European Innovation Partnership (EIP) now has a strategic plan, in order to ensure a stable supply of raw materials, presented. The EIP has the intention, to reduce dependence on imported raw materials, and improved delivery within Europe, to achieve and outside the Union. The EIP here takes into account both the resource efficiency, as well as access to reliable alternative sources.

Developing countries such as China, Brazil, India, Turkey, Mexico or Indonesia and the so-called “South-South”-Cooperation has led to a shift on the global economic map. This underlines the need, the concept of the G8 to expand G20 - also between developing countries and not just between the rich North and the poor South. The institutionalization of the BRICS countries (Brazil, Russia, India, China und Südafrika) is perhaps the most striking example of this phenomenon. Of course, Europe and the United States remain pillars of the global technology, Trade and Finance. However, they are no longer the only and also not nearly as important, how that might have been the case in the 1950s or 1960s. Over the past two decades, the economic tide has changed significantly and permanently the international map of supply and demand for commodities. Raw materials are essential.

In Europe, the construction, Chemistry, and automotive sectors, as well as the aerospace and machine. and investment sector to a commodity production worth over 1,4 Dependent trillion and create employment for around 30 Million people: Access to raw materials is critical on several levels. Emerging G-20 countries and the BRICS or. aspiring BRICS countries also try to access more resources to secure. The race, such as the EU Commission declared, led to “Tripling of metal prices between 2002 and 2008″. China was for about 50% the increase in global consumption of industrial metals between 2002 and 2005 responsible.

Beyond this general increase in demand a new strategic significance of changes in technology some natural resources given. For example, now is the use of rare earths for “green” Technologies necessary. Tantalum is generally used in the electronics industry.

Cobalt and graphite be used in lithium ion batteries, Germanium in the fiber optic, is used during indium in photovoltaic cells. Indium is also needed in the growing sector of haptic technology - technology associated with the “Tastsinn”, as well as in the aerospace, in Displays, Video games, Controls and a growing list of applications. The rarity of these minerals, their uneven geographical distribution or the concentration of its production chain represent an increasing challenge for the world economy is.

With a focus on resource security Europe is forced to, to place themselves at the forefront of the commodity sector, also in mitigating the negative effects on the environment and society.

The growing demand for unprocessed metals and the consequent difficulties concerning whether. the access to the raw materials, are the basis for the Strategic Implementation Plan (SIP). Should this succeed, Europe is a world leader in the field of exploration, Extraction, Processing, Recycling and the substitution of raw materials up to the year 2020.

Who planted the EU, To achieve this? Research and development of new technologies, Recovery and recycling of waste, and the identification of alternative materials in accordance with the objectives of ” Horizon 2020″, the EU's main instrument for funding research over the next seven years of 2014 to 2020.

Commodities are the lifeblood of the EU industrial sector. At least 30 Million jobs in Europe depend on access to raw materials. There has been an increase in the demand for minerals and metals, accompanied by significant difficulties in the supply of certain raw materials, bspw. by price fluctuations and market distortions – So China's rare earth export restrictions.

The EU has its business, Asked scientists and NGOs, to promote technological innovation and non-technological innovation in the value chain from raw materials to Europe and beyond. The number of possible actions includes a wide range of initiatives such as new concepts and technologies for the efficient exploration in terms of costs and alternatives for critical raw materials. The EU plant, up to ten specific pilot projects to promote technologies for the production of primary and secondary raw materials as well as the identification of alternatives for at least three key materials. In a separate aspect, the SIP will sponsor efforts to improve the processing and waste management technology, to make the mining and extraction of critical materials socially and environmentally responsible.

Source: http://investorintel.com/market-commentary-intel/eu-launches-updated-raw-materials-inititiative-continued-economic-growth-employment/





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