Mining IQ

Meeting the World's Future Mineral Needs - Where Will it be in 2030?

The world’s population is expected to increase by 40% from 6.8 to 9.5 billion by 2050. Population growth in cities is expected to roughly double to almost 70% of the global population by the same year. As these new urban dwellers seek to improve their standard of living, countries must build infrastructure to serve the growing demand for reliable power, transportation, housing, clean water and sanitation. As these populations consume more resources, the demand for copper, coal, iron ore and other commodities will rise.

Rising prices and terrestrial depletion of many industrial commodities point to a growing interest in locating and developing mineral resources under the ocean, which cover about 70% of the Earth’s surface. Half of the global seabed minerals are now controlled by nations within their Exclusive Economic Zones and the other half by the International Seabed Authority as a common heritage of mankind.

This paper shows what mineral markets are projected to grow and what the projected demand will be in the next 20 years.

This paper was published by

Meeting the World's Future Mineral Needs - Where Will it be in 2030?.

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