Resources Science ›› 2018, Vol. 40 ›› Issue (3): 516-525.doi: 10.18402/resci.2018.03.06

• Orginal Article • Previous Articles     Next Articles

Risk assessment and countermeasures of chromiumresource supply in China

Quanwen LIU1(), Jinghua SHA1(), Jingjing YAN1, Guofeng ZHANG2, Songmei FAN1, Gengyu HE1   

  1. 1. School of Humanities and Economic Management, China University of Geosciences (Beijing), Beijing 100083, China
    2. School of Economics and Trade, Hebei GEO University, Shijiazhuang 050031, China
  • Received:2017-09-01 Revised:2018-01-30 Online:2018-03-10 Published:2018-03-10

Abstract:

Chromium is an important raw material in the production of stainless steel. Given China’s scarce mineral resources, the safety of chromium resource supply has a bearing on the steady development of the stainless steel industry. It is essential to determine the main risks and risk levels when assessing current supply risks of chromium resources in China. Here, we selected appropriate indicators from three the aspects of resource, market and politics and collected data on reserves, production, consumption, international trade, price, rate of recovery and World Governance Index from 2000 to 2016. We introduce the pattern of quantitative classified evaluation to assess supply risks using the method of multi index comprehensive evaluation. We found that the supply risks mainly include serious shortage of China’s chromium resources, increasing degree of dependence on foreign trade, low rates of recovery, weak market power, a high import concentration and great geostrategic risk. Enterprises should be promoted to invest and develop overseas resources as a high priority. It is necessary to increase the rate of recovery of chromium waste materials and strengthen the melting technology of stainless steel scraps. The central government should establish a reserve system of chromium resources to stabilize market expectations and improve the support capacity of chromium resources.

Key words: chromium resources, supply risk, risk assessment, risk governance