Running on empty Wood Mackenzie thinks that base metal mine closures, attrition and demand growth will require 2.2 million tonnes of new mine capacity a year. That’s good news for exploration companies that are staking fresh ground and hoping to develop the next big base metals deposit.
Thinking more globally, it doesn’t surprise me that the UN is worried about how our over-zealous extraction and consumption of resources is calling for a more sustainable approach. That’s all well and good, but it ignores a more pressing fact of life: we are getting alarmingly close to depleting some of our most important industrial metals, necessary for modern economies.
https://aheadoftheherd.com/Newsletter/2019/Running-on-empty.htm
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