New debate on raw-materials security in Germany
During the raw-materials crisis of 2004/2005 warnings were already being sounded of the economic risks of an excessive reliance on imports of both energy resources and minerals.
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In 2005, following the shortages and price hikes that had just driven coking coal and coke into previously uncharted territory for purchasers, GVSt (the German Hard Coal Association) commissioned the prestigious EEFA Institute to produce a study on the use of raw materials as a structural factor for industry. This investigation set out to examine the sectoral cost effects and job losses that would be incurred throughout Germany as a result of a twofold increase in the price of raw materials (see FAA ‘The risks of raw-materials reliance’ of March 2005). This premise was then rapidly overtaken by real events, as some international commodity prices recorded a sixfold increase on the base-year figure.
More details... pdf, 442 kB (German)
Source
GVSt - facts, analyses and arguments. No. 38
www.gvst.de
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