Scholarly record
SAFEGUARDING OF MINERAL DEPOSITS AS THE BASIS OF EUROPEAN UNION RAW MATERIALS SECURITY IN THE ERA OF UNSTABLE GEOPOLITICAL CONDITIONS
Abstract
The economic results of many dynamically developing European countries largely depend on the availability of mineral raw materials. For this reason, securing their supplies from import must be supported by a committed foreign policy as well as a sustainable raw materials policy in the field of their obtaining from domestic sources, both from mineral deposits, as well as secondary and waste sources. Raw material security must be based on the diversification of supply sources and minimizing supply risks. The results of analyses show that the European Union relies heavily on imported raw materials, especially in industries recognized as strategic (renewable Energy - wind & PV; grids, Li-ion batteries (LIB), electric vehicles (EVs), Robotics and defense). Moreover, most of the import sources are countries with high or very high risk of supply. Recently, these risks are higher due to unstable political situation in Eastern Europe. Taking into account above, the European Union should consider the possibility of further development of its own mining industry, based on its own resources. The raw material potential of European countries is significant, but recently problems related to the possibility of launching new mining projects have been increasing. Social, environmental and spatial conditions play a decisive role. In this context, particular attention should be paid to the properly implemented policy of mineral deposits safeguarding which provides access to primary sources of raw materials (deposits), thus reducing dependence from unstable import sources.
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