MaterialsWeek 2021
Poster
A criticality assessment to analyse India’s supply risk and economic dependence on raw-materials.
SV

Siddharth Varute (B.Eng.)

SRH Berlin University Applied Science

Varute, S. (V)¹; Bajaria, H.¹; Beck, G.¹; Kherde, S.¹; Kumar, V.¹; Paliwal, D.¹
¹SRH Berlin University of Applied Sciences

A criticality assessment study has been developed to analyze a country’s supply risk and economic dependence on raw materials. This study presents India’s criticality of 13 metals during 2020. A recent assessment focused only on construction material; evaluation targets here contain material used in a variety of industries. The evaluation framework developed in this study included 16 criticality components within two categories: supply risk (SR) and economic importance (EI) of material. Weighting factors were used to aggregate components into a single score. Components in SR consider dependency of supply on major aspects like political index, market concentration, etc. Components in EI signify major aspects which describe the importance of the material in an economic perspective. Interrelation of SR and EI provides the criticality score for respective material. Due to lack of availability of sufficient information various untraditional approaches are adopted to reach accurate results. Criticality diagram for India is later compared with the criticality diagram of EU. It is observed that major technology metals which are used worldwide today are found to be less critical. Crucial reason behind this is low manufacture of technology products in India. Traditional metals like Fe, Al, etc. display high EI because of high industrial dependence. SR, on the other hand, is associate with insignificant risk because of primary production of metals in the country.

Poster

Poster

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