Europe demands more transparency and monitoring of raw materials market

The world market for raw materials is volatile (photo:dpa)
The world market for raw materials is volatile (photo:dpa)

Demand for raw materials throughout the world has fallen because of the global economic crisis. But prices remain volatile and are projected to increase significantly. The uncertainly has prompted the European Union to update its strategy on raw materials, particularly in the light of their growing use in emerging green technology industries.

ONE consequence of the worldwide financial crisis in 2008 was short-term shocks in key commodity and raw materials markets, as prices have not only fallen but have become increasingly volatile.

The change in the market came after five years of increasing demand for raw materials, driven by worldwide economic growth, rapid industria...

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