Critical Raw Materials: Managing Resources for a Sustainable Future

About

The availability of critical raw materials (CRMs) is under massive pressure. However, these materials are essential for products, technologies and solutions to some of the world's most crucial issues " such as the energy transition. The small numbers of suppliers, price volatility, environmental damage from mining, and costly time- and energy-consuming extraction processes are just a few of the many associated challenges.

Addressing the criticality of raw materials is one of the most complex sustainability challenges of our time. Just as renewables alone will not solve climate change, recycling cannot be the only solution to deal with the increasing use of these materials. The transition to a raw materials-intensive economy calls for a systems-thinking approach and the involvement of businesses, governments and society at large.

This course provides a systemic understanding of CRMs and equips you with tools and strategies for managing them in a sustainable way. The course covers the entire raw materials' value chain, which will help you see what actions can be taken at every stage and how you can make informed decisions, and contribute to and benefit from a more sustainable approach to CRMs, regardless of your professional or academic background.

Key topics include access to raw materials, environmental and social impacts, geopolitical factors, market dynamics, economics, supply chains, global trends in CRM use, and resource efficiency.

You can choose from three different tracks that cover possible solutions from a technical, business or policy perspective. These range from supply risk mitigation, exploration, urban mining and substitution to circularity strategies, business models, responsible sourcing and certification.

This course also introduces you to experts, start-ups and projects in the field and inspires you to tackle problems with concrete initiatives.

What you will learn

• Explore critical raw materials and their role in achieving a sustainable transition
• Recognize the diverse challenges that come with critical raw materials and the complex issues involved in finding solutions
• Analyse the importance of material systems and dynamics and review the social and environmental impacts of CRMs
• Distinguish major strategies for developing a more circular and sustainable use of critical raw materials
• Apply your knowledge to design innovative solutions in the field

Skills you learn

• Economy
• Apple Numbers
• Economics
• Systems Thinking
• Customer Relationship Management
• Risk Mitigation
• Market Dynamics
• Supply Chain
• Sustainability
• Business Modeling
• Sourcing
• Renewable Energy

Syllabus

Week 1: Introduction: Relevance of critical raw materials in our society

What is the definition of a critical raw material? What role do these materials play in our transition to a more sustainable future? Will we run out of critical raw materials soon?

We will introduce you to the topic, explain what criticality means and which materials are critical under which circumstances. We will also clarify the importance of critical raw materials in our modern society.

Week 2: Challenges: The issues with critical raw materials and their opportunities

How are critical raw materials related to geopolitics and conflicts? How are our consumption patterns related to resource use? What are the mechanisms of resource economics and commodity markets?

This week focuses on the challenges related to critical raw materials. We will explore the complexities of the global competition for resources, world-wide increase in resource use, and the role of resource efficiency for sustainability.

Week 3: Analysis: Tools for evaluating raw material challenges

What data do we have on the continued supply from existing mining sources? What is the potential for secondary sourcing?, How well can we predict the future of resources? How does our use of resources affect humans, the climate and the environment? What approaches are used to quantify these impacts?

In this week you will learn about the importance of materials systems and dynamics and methods for impact assessment.

Weeks 4 and 5: Solutions: Approaches and strategies for tackling the challenges

In this module you will be able to choose to focus on one of these three aspects for two weeks:

Technical Solutions : In the first week, we will focus on strategies to mitigate supply risks and the role of exploration to secure raw materials. In the second week, we will look at the potential of substitution and urban mining and we will dive into opportunities to make the resources value chain circular.

Systemic Solutions : In the first week, you will get an overview of circularity strategies (reuse, recycling, remanufacturing, etc.) for critical raw materials and learn how to design for recycling and circularity. In the second week, we will explore circular business models to improve circularity for raw materials and examine the economic drivers and policies that support recycling.

Policy Solutions : The first week will center around how certification can improve social conditions in mining regions and how trade relations can help to mitigate criticality. In the second week, we will discuss the relation between the Sustainable Development Goals and critical raw material challenges and learn how to consider and balance the interests of different stakeholders when assessing sustainability of CRMs.

Week 6: Ideas: Good practice examples and your turn to get creative

What are successful business cases of a more sustainable resource use? How can I get involved?

Get inspired by real life examples to create your own business idea that could be a solution to a resources challenge.

Auto Summary

"Critical Raw Materials: Managing Resources for a Sustainable Future" is a comprehensive course in the Business & Management domain, offered by edX. Designed for awareness, it spans 18 weeks and provides a systemic understanding of critical raw materials, along with sustainable management strategies. Available through Professional and Starter subscriptions, it's ideal for those looking to enhance their knowledge in sustainable resource management.