midstream
/ˈmɪd.striːm/
Definition
The phase of a supply chain process occurring between the initial extraction of raw materials and the final delivery of consumer products, specifically involving the processing and refining of minerals.
Etymology
The word is a combination of the Old English 'mid' (middle) and 'stream' (a flowing current). It originated in the 19th century to describe the middle course of a river and was later adapted in business and industry to signify the middle stages of a production process.
In the news
The article uses the term to describe the stage of battery production that China currently dominates, highlighting its control over the vital refining and processing phases of mineral supply chains. Understanding this position is crucial for assessing global supply risks and economic security.
PSM & Datavault AI: US$700m Mineral Supply Chain Tech
Read the full article ↗Procurement Magazine