Effect of Geopolitical Situation on Potassium Iodide Sale
DOI:
https://doi.org/10.47941/ijscl.1598Keywords:
Potassium Iodide, Geopolitics, Nuclear Incidents, Emergency Preparedness, Radiation Exposure, Geopolitical Dynamics.Abstract
This whitepaper explores the intricate relationship between geopolitical dynamics and the demand for potassium iodide (KI), a critical component of public health and emergency preparedness measures. KI serves as a safeguard against the adverse effects of radioactive iodine (RAI) exposure in the event of nuclear incidents. Geopolitical factors significantly influence the availability, accessibility, and trade regulations of KI, as demonstrated through case studies like the Russia-Ukraine conflict and historical nuclear accidents. International agreements, regulatory frameworks, and trade policies are key in shaping the KI market, with growing demand stemming from the nutraceutical and laboratory reagent sectors. While solid KI is the predominant market segment, there remains a challenge in the presence of iodine alternatives. Amidst the Russia-Ukraine war, KI demand has surged, depleting supplies and resulting in price gouging. Understanding these trends and the broader geopolitical impact on KI is essential to appreciate its critical role in safeguarding public health.
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Copyright (c) 2024 Vimalkumar Patel
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