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The past decade has seen a resurgence of interest in the supply security of mineral raw materials. A key to the current debate is the concept of 'criticality'. The present article reviews the criticality concept, as well as the methodologies used in its assessment, including a critical evaluation of their validity in view of classical risk theory. Furthermore, it discusses a number of risks present in global raw materials markets that are not captured by most criticality assessments. Proposed measures for the alleviation of these risks are also presented.
Frenzel et al. (2017) studied this question.