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Our mental models of mineral depletion—and why they matter

Tilton, John E.
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Colorado School of Mines. Payne Institute for Public Policy
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2018-05
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20180502_Tilton_WorkingPaper.pdf
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https://hdl.handle.net/11124/14062
 https://doi.org/10.25676/11124/14062
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Abstract
Shortages of mineral commodities can arise for numerous reasons--mineral depletion, inadequate investment in new mines and processing facilities, unanticipated surges in demand, cartels, embargoes, wars, mine accidents, and even prolonged strikes. It is useful, however, to separate mineral commodity shortages into two distinct groups. The first includes shortages due to mineral depletion; the second, shortages owing to all other causes. The two types of shortages differ in almost all respects.
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