Drivers for a growing (?) European mining sector. Magnus Ericsson Thorium drawing: Kaianders Sempler. Industrial Technologies 2012, Aarhus, 19-21 June.

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Presentation transcript:

Drivers for a growing (?) European mining sector. Magnus Ericsson Thorium drawing: Kaianders Sempler. Industrial Technologies 2012, Aarhus, June 2012 Magnus Ericsson

Are metals really needed? Copper drawing: Kaianders Sempler.

Special properties of metals High strength Affordable cost Conduct heat and electricity Beautiful Indestructible Source: T. Graedel, Yale University.

Copper use vs. GDP/capita Source: Häggström, Handelsbanken 2006.

Copper use and urbanisation Source: ICSG, Raw Materials Group 2011 Population million Urbanisation

% of global mining Global mining – 19th/20th century

What has happened in Europe? Manganese drawing: Kaianders Sempler.

Iron ore production Anton Löf Mt

Iron ore production Europe Anton Löf Mt

Copper production Anton Löf kt

Copper production Europe Anton Löf kt

Gold production Anton Löf t

Gold production Europe Anton Löf t

33 years -3.5%pa 40 years 2.3%pa 29 years -3.5%pa years 2-3%pa ? Copper price

Iron ore prices Source: Raw Materials Data, Stockholm December 2008 contract prices Carajas fines plus freight costs, TSI 62 % USD/t, cfr China

Copper price Source: Raw Materials Data, Stockholm 2012

Gold price Source: Raw Materials Data, Stockholm 2012

Nickel drawing: Kaianders Sempler. The future?

Metal prices index 2012

Global steel growth Anton Löf Source: Raw Materials Data Iron ore, %

Nordic ore production Anton Löf Mt

Conclusions Anton Löf Europe’s import dependency for iron ore, copper and base metals is seriously high. These are the critical metals for Europe not small specialities like rare earths. Nordic mining could be part of the solution. Mining is growing in spite of the crisis. This industry needs more attention from Europe to fulfill its potential role both as economic motor and a strategic industry.

Copper drawing: Kaianders Sempler. Luleå University of Technology Raw Materials Group PO Box 3127 SE Solna, Sweden Tel: Fax: Thank you/Tack!

Metals first isolated in Sweden/Finland Please visit

Raw Materials Group Raw Materials Data, Metals/Coal/Iron Ore. Strategy development: –Mining companies, equipment & service providers. Mineral policy, investment promotion: –Governments, International organisations. Pre-feasibility/Feasibility studies: –Financial institutions, companies. Member of the global IntierraRMG group.