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Published byMyra Newton Modified over 9 years ago
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By Niall Griffin
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Substitution – a key idea Underlining the need for more exploration Countries having a monopoly of materials Demand is only going to increase
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China holding 90% share of the rare earth reserves as an example Vast amounts of the Crust remain unexplored Realising how extensively Indium and Copper are used in electronics
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Due to the monopoly problem with China There will be much greater demand by 2030 The production rates for 2006 will be exceeded dramatically by 2030
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Raw material Production 2006 (t) Demand from emerging technologies 2006(t) Demand from emerging technologies 2030 (t) Indicator 2006 Indicator 2030 Copper15,093,0001,410,0003,696,0700.09 0.24 Indium5812341,9110.403.29 Neodymium16,8004,00027,9000.231.66 Platinum255Very small34501.35 Tantalum1,3845511,4100.401.02
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Recycling, Substitution and Exploration are key Realising that a monopoly is a potential crisis The need for technological advances in mining is key
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