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Mineral reserves and future minerals availability

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  • Phillip Crowson

Abstract

The surge in prices and global demand for minerals and metals in the 2004–08 boom reawakened fears about the longer-term availability of minerals. Some commentators have extended the petroleum industry's debate about ‘peak oil’ to the non-fuel minerals industry. The arguments are discussed with the conclusion that peak modelling is far too deterministic and simplistic to capture the subtleties of all the factors impinging on future supplies of mineral products. That does not mean that we should be complacent about the future availability of any mineral. Rather, it points to a genuinely multi-disciplinary approach to forecasting, and one that properly recognises all the inherent uncertainties. Copyright Springer-Verlag 2011

Suggested Citation

  • Phillip Crowson, 2011. "Mineral reserves and future minerals availability," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 24(1), pages 1-6, July.
    • Handle: RePEc:spr:minecn:v:24:y:2011:i:1:p:1-6
    DOI: 10.1007/s13563-011-0002-9
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    Citations

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    Cited by:

    1. Biswas, Pritam & Sinha, Rabindra Kumar & Sen, Phalguni, 2023. "A review of state-of-the-art techniques for the determination of the optimum cut-off grade of a metalliferous deposit with a bibliometric mapping in a surface mine planning context," Resources Policy, Elsevier, vol. 83(C).
    2. Emilio Castillo & Roderick Eggert, 2019. "Reconciling Diverging Views on Mineral Depletion: A Modified Cumulative Availability Curve Applied to Copper Resources," Working Papers 2019-02, Colorado School of Mines, Division of Economics and Business.
    3. Harald Ulrik Sverdrup & Anna Hulda Olafsdottir & Kristin Vala Ragnarsdottir, 2017. "Modelling Global Wolfram Mining, Secondary Extraction, Supply, Stocks-in-Society, Recycling, Market Price and Resources, Using the WORLD6 System Dynamics Model," Biophysical Economics and Resource Quality, Springer, vol. 2(3), pages 1-17, September.
    4. Larona S. Teseletso & Tsuyoshi Adachi, 2023. "Future availability of mineral resources: ultimate reserves and total material requirement," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 36(2), pages 189-206, June.
    5. Nelson K. Dumakor-Dupey & Sampurna Arya, 2021. "Machine Learning—A Review of Applications in Mineral Resource Estimation," Energies, MDPI, vol. 14(14), pages 1-29, July.
    6. Harald Ulrik Sverdrup & Kristin Vala Ragnarsdottir & Deniz Koca, 2017. "Integrated Modelling of the Global Cobalt Extraction, Supply, Price and Depletion of Extractable Resources Using the WORLD6 Model," Biophysical Economics and Resource Quality, Springer, vol. 2(1), pages 1-29, March.
    7. Anna Hulda Olafsdottir & Harald Ulrik Sverdrup, 2018. "Modelling Global Mining, Secondary Extraction, Supply, Stocks-in-Society, Recycling, Market Price and Resources, Using the WORLD6 Model; Tin," Biophysical Economics and Resource Quality, Springer, vol. 3(3), pages 1-17, September.
    8. Larona S. Teseletso & Tsuyoshi Adachi, 2022. "Long-Term Sustainability of Copper and Iron Based on a System Dynamics Model," Resources, MDPI, vol. 11(4), pages 1-19, April.
    9. Sverdrup, Harald U. & Ragnarsdottir, Kristin Vala & Koca, Deniz, 2015. "Aluminium for the future: Modelling the global production, market supply, demand, price and long term development of the global reserves," Resources, Conservation & Recycling, Elsevier, vol. 103(C), pages 139-154.
    10. Harald Ulrik Sverdrup & Anna Hulda Olafsdottir, 2018. "A System Dynamics Model Assessment of the Supply of Niobium and Tantalum Using the WORLD6 Model," Biophysical Economics and Resource Quality, Springer, vol. 3(2), pages 1-35, June.
    11. Nilza Rivera & Juan Ignacio Guzmán, 2024. "Dynamic relationship between refined and scrap copper prices," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 37(2), pages 381-392, June.
    12. Koji Tokimatsu & Shinsuke Murakami & Tsuyoshi Adachi & Ryota Ii & Rieko Yasuoka & Masahiro Nishio, 2017. "Long-term demand and supply of non-ferrous mineral resources by a mineral balance model," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 30(3), pages 193-206, October.
    13. Bide, T. & Brown, T.J. & Gunn, A.G. & Deady, E., 2022. "Development of decision-making tools to create a harmonised UK national mineral resource inventory using the United Nations Framework Classification," Resources Policy, Elsevier, vol. 76(C).
    14. Gavin M. Mudd & Mohan Yellishetty & Barbara K. Reck & T. E. Graedel, 2014. "Quantifying the Recoverable Resources of Companion Metals: A Preliminary Study of Australian Mineral Resources," Resources, MDPI, vol. 3(4), pages 1-15, December.
    15. Sverdrup, Harald U. & Ragnarsdottir, Kristin Vala & Koca, Deniz, 2014. "On modelling the global copper mining rates, market supply, copper price and the end of copper reserves," Resources, Conservation & Recycling, Elsevier, vol. 87(C), pages 158-174.
    16. Calvo, Guiomar & Valero, Alicia & Valero, Antonio, 2017. "Assessing maximum production peak and resource availability of non-fuel mineral resources: Analyzing the influence of extractable global resources," Resources, Conservation & Recycling, Elsevier, vol. 125(C), pages 208-217.

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