MSE 2001 Exam 1 Terms - Material costs

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Last updated 9:39 AM on 7/20/26

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Why is price important?

determines the feasibility of use of that material in a commerical product

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What determines the price of a material?

terrestrial abundance, extraction cost, speculation, demand, component processing

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Terrestrial Abundance

how abundant is the material on earth; first order metric for cost

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What improves the cost of materials?

recycling