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http://dx.doi.org/10.7844/kirr.2021.30.5.3

A Study on the Quantification of Market-Government Response for Import Interruption Risk of Base Metal in Korea  

Kim, Yujeong (Geoscience Platform Division, Korea Institution of Geoscience and Mineral Resources)
Publication Information
Resources Recycling / v.30, no.5, 2021 , pp. 3-9 More about this Journal
Abstract
In Korea, base metals such as lead, zinc, copper, tin, nickel, and aluminum have a polarized supply and demand structure. Despite the presence of world-class producers of lead, zinc, and copper, and their production is insufficient. And there are no domestic producers of tin, nickel, and aluminum, Thus, most of the domestic demand is dependent on imports. Therefore, it is necessary to prepare for the risk of supply interruption, such as the disruption of the import of base metals or interruption of domestic production. In this study, we estimated the quantity required to respond to the risk of import disruption, the quantity to which the market can respond, and the quantity to which the government needs to respond for six base metals (copper, lead, zinc, aluminum, nickel, and tin).
Keywords
Base metal; import interruption risk; strategic stockpile; market;
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  • Reference
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