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For instance, geologists in 2013 calculated that the
                        world’s known reserves of tantalum will last about 200 more   Nickel              Economically recoverable
                        years at today’s rate of consumption. If demand for tantalum   Iron from ore       Technically recoverable
                        increases, it could run out faster. And if everyone in the world
                        began consuming tantalum at the rate of U.S. citizens, then   Molybdenum
                        it would last for only 15 years! Most pressing may be dwin-  Cobalt
                        dling supplies of indium. This obscure metal, which is used   Zinc
                        for LCD screens, might last only another 30 years. Because of
                        these supply concerns and price volatility, industries now are   Copper
                        working hard to develop ways of substituting other materials   Titanium
                        for indium. A lack of indium and gallium would threaten the
                        production of high-efficiency cells for solar power. Platinum   Lead
                        is dwindling too, and if it became unavailable, it would be     0   50  100 150 200 250 300 350 400
                        harder to develop fuel cells for vehicles. However, platinum’s   Years left available, at present rates of consumption
                        high market price encourages recycling, which may keep it
                        available, albeit as an expensive metal.             Figure 23.12 Minerals are nonrenewable resources, so sup-
                            Figure 23.12 shows estimated years remaining for several   plies of metals are limited. Shown in red are the numbers of
                        selected minerals at today’s consumption rates. Note that each   remaining years that certain metals are estimated to be economically
                        bar in the figure consists of two parts. The left (red) portion   recoverable at current prices. The entire lengths of the bars (red plus
                        of the bar shows the number of years researchers calculate   orange) show how long certain metals are estimated to be available
                        that we will have the mineral available under today’s eco-  using current technology on all known deposits, whether economically
                        nomic conditions. As minerals become scarcer, demand for   recoverable or not. Data are for 2012, from U.S. Geological Survey, 2013. Mineral
                        them increases and price rises. Higher market prices make it   commodity summaries 2013. USGS, Washington, D.C.
                        more profitable for companies to mine the resource, so they   Which metal has the highest proportion of its technically
                        become willing to spend more to reach further deposits that   recoverable reserves that are currently economically
                        were not economically worthwhile originally. Thus the entire   recoverable? Approximately what percentage is economically
                        length of each bar in Figure 23.12 shows the number of years   recoverable? Which metal has the smallest proportion of its
                        researchers calculate that we will have the mineral available   technically recoverable reserves that are currently economically
                                                                             recoverable and what is this value?
                        in total, as prices rise. These two categories used by the U.S.
                        Geological Survey (USGS) are similar to the way the USGS
                        classifies fossil fuel deposits as being either “economically
                        recoverable” or “technically recoverable” (pp. 545, 549).
                                                                             to reach difficult deposits, rising prices also may favor the
                                                                             development of enhanced mining technologies that can reach
                        Several factors affect how long mineral              more minerals at less expense. If more powerful technologies
                        deposits may last                                    are developed, then these may increase the amounts of miner-
                                                                             als that are technically feasible for us to mine.
                        Calculating how long a given mineral resource will be avail-
                        able to us, as shown by the data in Figure 23.12, is beset by a   Changing social  and technological  dynamics
                        great deal of uncertainty. There are several major reasons why   New societal developments and new technologies in the market-
                        such estimates may increase or decrease over time.   place can modify demand for minerals in unpredictable ways.
                                                                             Just as cell phones and computer chips boosted demand for tan-
                        Discovery of new reserves  As we discover new        talum, fiber-optic cables decreased demand for copper as they
                        deposits of a mineral, the known reserves—and thus the years   replaced copper wiring in communications applications. Today
                        this mineral is available to us—increase. For this reason, some   lithium–ion batteries are replacing nickel–cadmium batteries
                        previously predicted shortages have not come to pass, and we   in many devices. Synthetically produced diamonds are driving
                        may have access to these minerals for longer than currently   down prices of natural diamonds and extending their availabil-
                        estimated. As one recent example, in 2010 geologists associ-  ity. Additionally, health concerns sometimes motivate change:
                        ated with the U.S. military discovered that Afghanistan holds   We have replaced toxic substances such as lead and mercury
                        immense mineral riches that were previously unknown. The   with safer materials in many applications, for  example.  CHAPTER 23 • Min ERA ls  A nd Mining
                        newly discovered reserves of iron, copper, niobium, lithium,
                        and many other metals are estimated to be worth over $1   Changing consumption patterns  Changes in the
                        trillion—enough to realign the entire Afghan economy around   rates and patterns of consumption also alter the speed with
                        mining. (Note, however, that such riches are not guaranteed   which we exploit mineral resources. For instance, economic
                        to make Afghanistan a wealthy nation; history teaches us that   recession depressed demand and led to a decrease in produc-
                        regions rich in nonrenewable resources, such as Congo and   tion and consumption of most minerals from 2007 to 2009
                        Appalachia, have often been unable to prosper from them.)  after rising for long stretches. However, over the long term,
                                                                             demand has been rising. This is especially true today as China,
                        New extraction technologies  Just as rising prices of   India, and other major industrializing nations rapidly increase
                        scarce minerals encourage companies to expend more effort   their consumption.                            665







           M23_WITH7428_05_SE_C23.indd   665                                                                                   13/12/14   11:29 AM
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