Material Security - Ensuring resource availability for the UK economy

Material security concerns the access to raw materials to ensure military and economic sufficiency. Recently, its importance has increased due to limited short term availability of some raw materials, widespread increases in raw material prices, oligopolistic industry structures and dependence on a limited number of sometimes politically unstable countries as sources of key materials. Materials are most insecure when lack of substitutability in critical applications is combined with the above factors.

Simon Strick