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The impact of copper production from manganese nodules: A simulation study

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  • Wagenhals, Gerhard

Abstract

The first part of the paper describes the main features of the world copper industry, including consumption, inventories, prices, trade, primary and secondary supply as well as reserves and resources. In the second part an econometric model of the world copper market is derived; theoretical and empirical justifications are provided for some representative equations. Finally, the third part of the paper deals with the results of forecasting and simulation experiments performed with this model. A conditional forecast of the major future developments in the world copper industry and an assessment of the likely impact of ocean floor mining on the copper market constitute the main topics discussed in this part. Base case simulation results (without seabed mining) are reported and compared to three alternative scenarios assuming different recovery rates for copper from deep sea manganese nodules.

Suggested Citation

  • Wagenhals, Gerhard, 1983. "The impact of copper production from manganese nodules: A simulation study," Kiel Working Papers 192, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:192
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    References listed on IDEAS

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    1. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(1), pages 230-231, January.
    2. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(4), pages 876-878, October.
    3. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(3), pages 619-631, July.
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    Cited by:

    1. Foders, Federico, 1984. "Who gains from deep-sea mining?," Kiel Working Papers 206, Kiel Institute for the World Economy (IfW Kiel).
    2. Foders, Federico, 1985. "Who gains from deep-sea mining?," Open Access Publications from Kiel Institute for the World Economy 3292, Kiel Institute for the World Economy (IfW Kiel).
    3. Foders, Federico, 1984. "The UN convention on the law of the sea: an inefficient public good supplied by an inefficient organization," Kiel Working Papers 204, Kiel Institute for the World Economy (IfW Kiel).

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