Lecture 10 - Resource Conundrum Flashcards
1
Q
How does the world’s demand for metal change?
A
Doubles every 20-30 years
2
Q
The club of Rome report 1978 predcition
A
Predicted a catastrophic end to mineral reserves. However they were wrong. Failed to realised concept of a reserve is a dynamic one.
3
Q
Reserves versus Resources
A
The part of a mineral resource which has been fully evaluated and is commercially viable to work, is defined as a mineral reserve.
4
Q
How are copper ore grades changing?
A
Average ore grades are decreasing whilst mine development times are increasing
5
Q
Problem with EV vehicles UK
A
Would require two times the annual world cobalt product, 3/4 of the worlds lithium supply and half of the world’s copper supply to turn all UK-based vehicles with electric vehicles
