About the project
This project explores sustainable development strategies for critical minerals (such as lithium, cobalt, and rare earth elements) using game theory. By modelling the strategic interactions between governments, mining companies, and supply chain actors, the research aims to balance economic gains, environmental sustainability, and resource availability. The study focuses on how cooperation and competition influence decision-making in resource extraction, addressing challenges like environmental impacts, geopolitical tensions, and market volatility. This interdisciplinary research integrates game theory, sustainability, and supply chain management, offering insights into resilient, sustainable critical mineral supply chains.
This project aims to develop sustainable strategies for managing critical minerals such as lithium, cobalt, and rare earth elements, which are essential for technologies like electric vehicles, renewable energy, and electronics. These resources are finite and increasingly contested, raising urgent concerns about environmental degradation, geopolitical risks, and supply chain volatility.
Using game theory, this research models the strategic decisions made by key stakeholders, including governments, mining companies, and manufacturers. The focus is on how different actors cooperate or compete over resource extraction, environmental regulations, and profit-sharing.
The project will explore scenarios where sustainable practices can emerge through collaboration, despite competing interests, while minimizing environmental impacts and ensuring long-term resource availability.
You will benefit from interdisciplinary training, blending game theory, supply chain management, and sustainability studies, gaining expertise in high-demand areas like resource economics and policy-making.
The research will directly contribute to the growing field of sustainable supply chains, particularly in critical sectors that rely on rare materials.
The project’s impact lies in providing actionable insights for policy-makers and industries to navigate the complexities of critical mineral management, enabling sustainable resource use while maintaining economic competitiveness. It aligns with ongoing research in resilience studies, contributing to the global dialogue on resource scarcity and sustainable development.
