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In Reply to: RE: The world has done just fine so far without the production of Afghanistan's rare minerals posted by Road Warrior on September 20, 2014 at 19:26:25
OR they could only mine so much, to drive up world prices for these vital commodities.
China, which has large deposits of the 'Rare Earth' elements follows this strategy.
The article I link'd is 3 years old. I'm sure some things have changed since its publication:
Too much is never enough
Follow Ups:
thereby, if demand stays constant, driving down prices either a little or a lot (depending on price elasticity relating to supply changes, of which, in the case of rare minerals, I have zero, or possibly less, knowledge of).
I've written worse sentences, just not tonite. Hopefully my point, such as it was, wasn't obscured by my Sudzian writing.
--------------------------
"E burres stigano"
Even if demand increased ONLY 2% annually, that would result in a doubling of annual demand in only 36 years.
All mineral resources are finite in one sense or another.
Population is the same way. This is exponential growth at its finest.
Now, people have 'expectations'. When I was in Italy, even fairly conservative and non-wealthy towns sported about 8 cell phones per 10 persons. Or so it seemed.
Our beloved stereos and ALL our other hi-tech goodies are very resource intensive. You simply would not believe what it takes to manufacture semiconductors, for example.
You wouldn't believe what is going on in CHILE, for the sake of Lithium Batteries.
'The Limits to Growth' are approaching rapidly. And, as it turns out, it simply doesn't matter if the 'wall' is climate, resources, food. population, potable water, or alien invasion. (UFOs, not the guys from over 'there').
Too much is never enough
Too much means never enough.
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