@ARTICLE{Kustra_Arkadiusz_Jacek_Value_2023,
 author={Kustra, Arkadiusz Jacek and Lorenc, Sylwia and Podobińska-Staniec, Marta and Wiktor-Sułkowska, Anna},
 volume={vol. 39},
 number={No 4},
 journal={Gospodarka Surowcami Mineralnymi - Mineral Resources Management},
 pages={5-22},
 howpublished={online},
 year={2023},
 publisher={Komitet Zrównoważonej Gospodarki Surowcami Mineralnymi PAN},
 publisher={Instytut Gospodarki Surowcami Mineralnymi i Energią PAN},
 abstract={This paper presents concepts of value chains as strategic models for long-term development and a sustainable approach for ensuring efficiency. It highlights the fact that value chains are of particular importance in the raw materials industry, where the exploration, extraction, processing and metallurgy stages are characterized by high capital expenditure and fixed costs. Additionally, it emphasizes that offering an increasingly valuable product at each stage of production or processing makes it possible to increase earnings and achieve a higher margin. In order to give a practical dimension to the presented analyses, the paper provides an example of lithium value chains and identifies the determinants of their functioning in the current market together with their prospects. The conclusion highlights Europe’s need to source raw materials within business models based on value chains.},
 type={Article},
 title={Value chains in the high-tech raw materials industry – the example of the lithium value chain},
 URL={http://www.czasopisma.pan.pl/Content/129739/PDF/Kustra%20i%20inni.pdf},
 doi={10.24425/gsm.2023.148165},
 keywords={value chains, raw materials industry, lithium value chain, margins migrations among technologiesand branches},
}