Wednesday, 16 January 2013 17:48

Need of a coherent European Minerals Policy

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Need of a coherent European Minerals Policy - posted by MinPol on December 31 2012. The minerals economy provides an essential contribution to employment and value added and thus is crucial for the European Union industry. Minerals are the most important link in the value chain of industrial goods production, which plays a prominent role as a source of prosperity in Europe. A secure supply with mineral resources for the European industry/economy is absolutely necessary. However, a structural change has taken place on the global mineral markets.

The old rule of thumb – 20 percent of the world population in Europe, USA and Japan consuming more than 80 percent of the total minerals production – is not valid any more. With the integration of India, the People’s Republic of China and other populous emerging countries like Brazil and Russia into the world economy, today more than half of the world’s population claims an increasing share in raw materials.

Thus the global demand for (particular metallic)) minerals stand at the bottom of a new growth curve. It is assumed that by 2030 the worldwide need for raw materials will have doubled. Safeguarding the supply with raw materials on the basis of a minerals policy will be a permanent challenge for the European Union and all European countries. Appropriate measures for securing the supply with raw materials have to be taken. A successful coherent minerals policy will have to take over essential tasks to solve these problems. In particular, enhancement of existing instruments like resource efficiency and new technologies can guarantee domestic security of supply and provide a sustainable strategic European minerals policy.