material

(redirected from Raw material extraction)
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Related to Raw material extraction: feedstock, Finished materials

Material

1. Describing information that is or may be relevant for a firm's operations. For example, if a VCR company is experiencing a dearth of demand because most of its potential customers are buying DVD players, this is material information that will likely need to be disclosed to shareholders. See also: Immaterial.

2. Raw substances that a company uses to make its product. For example, an oil refinery's material is crude oil, which it makes into refined oil.

material

Of sufficient importance or relevance as to have possible significant influence on an outcome. For example, the possibility that a firm might lose its right to operate a number of television stations because competitors have filed with the Federal Communications Commission for those licenses would be a material fact in preparing the firm's financial statements. Compare immaterial.
References in periodicals archive ?
The EPD outlines 13 different environmental impacts over the life cycle of CalStar's masonry product, from raw material extraction through end-of-life, and can be downloaded from www.
This prevents potentially useful materials from being wasted and reduces energy use, habitat destruction and pollution from raw material extraction.
The LCA technique involves quantifying and interpreting energy and material resource inputs along with the environmental consequences of outputs throughout a product's life cycle from raw material extraction to end-of-life (cradle to grave).
Most mining sites use manual methods for raw material extraction which invariably reduces the maximization of the core materials to be mined due to the problem of managing the over-burden.