Global demand for minerals is growing rapidly, driven by rapid population growth, urbanisation and an increasingly diverse range of technical applications. Global material supply chains linking the extraction, transport and processing stages of raw materials have become increasingly complex and today involve multiple players and product components.
Raw materials are the backbone of the value chain of industrial production, playing a prominent role as a source of prosperity, growth and competitiveness in Europe. By contributing to employment and value generation, the secure supply of mineral resources is crucial for the European Union’s growth and stability. The global use of mineral raw materials has increased exponentially over the past decades, both in overall quantity, and in number and combination of minerals and elements used for different applications.
MinFuture pursues three main objectives: (1) to develop a common methodology that creates transparency about the data and approaches used in models for global cycles of materials; (2) to strengthen international collaboration by integrating the networks, expertise and outreach of different governmental and intergovernmental agencies, business areas, and research disciplines; and (3) to create a methodological discourse and stimulate the broad adoption of a ‘roadmap’ towards harmonization among key institutions that are either providing or using data to analyse global resource stocks and flows.