As new technologies develop and economies emerge, the concept of risk is evolving to meet twenty-first century realities. No longer only the purview of economic and financial markets, or terrorism and crime, risk analysis must now consider resource and raw materials supply and management as well. Our demands for energy, technology, and development have altered the dynamics of the raw materials markets, such that global governance is necessary to ease international tensions. The United States and European Union, both dependent on imports, are searching for ways to ease their supply vulnerability and mitigate risks.