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Strategic stocks: mobilise or immobilise?

The war in Ukraine has accelerated the debate on Europe's dependence on resources - particularly energy - and raw materials. Russian gas, Chinese batteries, Taiwanese semi-conductors... How can we guarantee the security of our supply chains in the event of a crisis? One of the solutions that has come back into fashion concerns strategic stocks, i.e. the organisation, management and replenishment of certain resources deemed essential either for the population or for industries. This note puts the issue of stockpiling into perspective, highlights the relevance of certain models, and raises the question of the resilience of our countries and of France.