- raw material
- Materials a manufacturer converts into a finished product. Bloomberg Financial Dictionary
* * *raw material raw material ➔ material
* * *raw material UK US noun [C or U]► PRODUCTION, NATURAL RESOURCES a substance in its natural state that will be used to make something else in an industrial process: »
raw material costs/prices»
The increase in operating costs is due to higher energy costs and increases in the price of raw materials such as iron ore.
Financial and business terms. 2012.