Raw Materials - Countries lacking various raw materials...

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Countries lacking various raw materials will import needed substances such as coal or crude oil from nations able to export such materials. Sometimes raw materials will be partially processed or converted into producer goods within the country from which they originate. Currently, Western Europe, North America, China, Japan, India, the world’s five major chemical raw materials producing areas. Among them, chemical raw materials industry of China’s revenue accounts for about 13% of the world. From a single national point of view, China has become the world’s second-largest chemical raw materials producer, second only to the United States (Raw Material, 2010). Aside from statistics on raw material locations throughout the country, one personal fascination that I have always had is on the future of raw materials. For example, concerns are growing over the security of supply of the essential raw materials used in the production of items from electric car batteries to permanent magnets and flat-screen televisions. Research from the
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This note was uploaded on 01/18/2011 for the course BUS 201 taught by Professor Marybethwhite during the Spring '08 term at University of South Florida.

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