I thought this kind of scaremongering was dead and buried!
The mining industry will continue to supply as demand increases and the real terms price of the commodity rises. There is sufficient nickel to supply the world for hundreds of years, natural diamonds for less.
Gold is not rare, it is common but not often concentrated in amounts that are currently economic. It certainly is more commonly concentrated in amounts that would be economic with higher pricing.
Copper is common and again, the Goldman Sachs analyst must have been speaking only of current resources and reserves, not the modeled resource base that has been very carefully constructed in many countries by organisations such as the United States Geological Survey and by Geoscience Australia. These organisations do this work to have the information available on potential for and locations of undiscovered resources. The same kinds of work is done fpr many other commodities including oil.
Time for better quality and in depth research before sensational headline grabbing comments are published.
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These Rare Commodities Might Be Gone Soon
I thought this kind of scaremongering was dead and buried! The mining industry will continue to supply as demand increases and the real terms price of the commodity rises. There is sufficient nickel to supply the world for hundreds of years, natural diamonds for less. Gold is not rare, it is common but not often concentrated in amounts that are currently economic. It certainly is more commonly concentrated in amounts that would be economic with higher pricing. Copper is common and again, the Goldman Sachs analyst must have been speaking only of current resources and reserves, not the modeled resource base that has been very carefully constructed in many countries by organisations such as the United States Geological Survey and by Geoscience Australia. These organisations do this work to have the information available on potential for and locations of undiscovered resources. The same kinds of work is done fpr many other commodities including oil. Time for better quality and in depth research before sensational headline grabbing comments are published.