Commodities prices and trends in a globalized and circular economy. A local perspective

In recent years, as never before, temporary and structural events such as natural disasters, logistical and distribution problems, socio-political and pandemic, the depletion of supply sources, had a negative impact on the availability and prices of many raw materials. To this scenario, rebound effects of policies and practical actions to support the transition towards circular economic systems must be considered, such as the substitution effects, e.g. linked to the use of secondary raw materials resulted from the recycling processes or, more in general the output of closed-loop options. The article intends to highlight the technical, economic and environmental potential and criticalities of these options and propose an eco-industrial perspective of analysis, for the enhancement of local economies and territories.