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Mineral statistics—useful tool or needless exercise?

Author

Listed:
  • Leopold Weber

    (Vice Chairman, International Organizing Committee of the World Mining Congresses)

  • Christian Reichl

    (Austrian National Committee of the World Mining Congresses)

Abstract

Most of the international mineral statistics are limited to production, import and export figures only. However, such statistics are not sufficient to identify possible market trends or supply risks. The political restructuring in Europe and China’s rapidly increasing demand for mineral raw materials since the turn of the millennium has led to imbalances in the demand and supply of raw materials in many countries. In the present work, the importance of a more in-depth exploratory data analysis is explained. The paper also deals with the need to record raw material exploration projects. While most statistics are limited to the production figures and thus only allow a retrospect into the past only, information about the resources verified in exploration projects would also allow a glimpse into the future. Despite this need, many institutions that have compiled such statistics in the past have discontinued them meanwhile. Reduced budget and staff shortages are some of the reasons for this. For this reason, close cooperation between the few remaining organizations is urgently required.

Suggested Citation

  • Leopold Weber & Christian Reichl, 2022. "Mineral statistics—useful tool or needless exercise?," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 35(3), pages 569-586, December.
    • Handle: RePEc:spr:minecn:v:35:y:2022:i:3:d:10.1007_s13563-022-00314-6
    DOI: 10.1007/s13563-022-00314-6
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