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Mineral Resources: Stocks, Flows, and Prospects

Author

Listed:
  • Faye Duchin

    () (Department of Economics, Rensselaer Polytechnic Institute, Troy NY 12180-3590, USA)

  • Heather MacLean

    (University of Toronto)

  • Christian Hageluken

    (Umicore Precious Metals Refining)

  • Kohmei Halada

    (Kohmei Halada, National Institute of Materials Science, Japan)

  • Stephen Kesler

    (University of Michigan)

  • Yuichi Moriguchi

    (National Institute for Environmental Studies, Japan)

  • Daniel Mueller

    (Norwegian University of Science and Technology)

  • Terry Norgate

    (Commonwealth Scientific and Industrial Research Organisation)

  • Markus Reuter

    (Ausmelt, Inc.)

  • Ester van der Voet

    (University of Leiden)

Abstract

This chapter focuses on metals as they provide the clearest example of the challenges and opportunities that mineral resources present to society, in terms of both primary production and recycling. Basic concepts, information requirements and sources of consumer and industrial resource demand are described as well as the destabilizing effects of volatile resource prices and supply chain disruptions. Challenges facing extraction of in-ground resources and production of secondary resources are discussed and scenarios for the future considered. The results of the scenarios indicate that particularly energy and, as well, water and land requirements could become increasingly constraining factors for metal production. Key research questions are posed and modeling and data priorities discussed, with an emphasis on areas that require novel concepts and analytic tools to help lessen negative environmental impacts associated with minerals. The challenge of sustainability requires collaboration of practitioners and analysts with a multidisciplinary understanding of a broad set of issues, including economics, engineering, geology, ecology, and mathematical modeling, to name a few, as well as policy formulation and implementation.

Suggested Citation

  • Faye Duchin & Heather MacLean & Christian Hageluken & Kohmei Halada & Stephen Kesler & Yuichi Moriguchi & Daniel Mueller & Terry Norgate & Markus Reuter & Ester van der Voet, 2010. "Mineral Resources: Stocks, Flows, and Prospects," Rensselaer Working Papers in Economics 1003, Rensselaer Polytechnic Institute, Department of Economics.
  • Handle: RePEc:rpi:rpiwpe:1003
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    File URL: http://www.economics.rpi.edu/workingpapers/rpi1003.pdf
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    References listed on IDEAS

    as
    1. Tukker, Arnold & Poliakov, Evgueni & Heijungs, Reinout & Hawkins, Troy & Neuwahl, Frederik & Rueda-Cantuche, José M. & Giljum, Stefan & Moll, Stephan & Oosterhaven, Jan & Bouwmeester, Maaike, 2009. "Towards a global multi-regional environmentally extended input-output database," Ecological Economics, Elsevier, vol. 68(7), pages 1928-1937, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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