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Investor Ideas reports a global overview of the metals economy, zeroing in on the chief metals-related issues to emerge.
Investor Ideas reports a global overview of the metals economy, zeroing in on the chief metals-related issues to emerge.
Jack Lifton says,
China’s voracious demand growth for metals in the 21st century has created a large and very serious problem for the global mining-and-refining industry. For the uncritical, it seems like the mining companies are in an era of embarrassing riches; they could sell everything they can produce, it seems.
Ironically, this in fact is the problem-the industry can sell everything it can produce of nearly any metal, but the rate of increase in production rate for almost all metals is limited not only by installed capacity and access to infrastructure and supplies, but also by the finite supply of accessible, mineable, ore bodies and the capital, technology, time, and skilled labor required both to maintain current production and increase the production rate.
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