Contribution/Originality: This study contributes in the existing literature on critical raw materials. It uses logical methodology-system dynamics (CLD)-to understand social and economic drivers for phosphore and Indium. This methodology could be helpful for the economists who work on Economy of natural resources or Economy of Environment. 1. INTRODUCTION Raw materials are crucial to the world economy and essential to maintaining our welfare. They underpin industry and support the modern technology we use daily, such as smartphones, computers, and the harvest of the green economy. Securing reliable and unhindered access to certain raw materials is a growing concern for both developed and developing countries. To address this challenge, many countries and international institutions have created a list of Critical Raw Materials (CRMs) or commissioned a predictive analysis of future metal demand to support the transition to a low carbon future (IEA, 2015; World Bank, 2016). Historically, the concept of critical raw materials has mainly been developed by government agencies and has been triggered by concerns over supply shortages or market price spikes in crisis years. For example, at the end of