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Our mental models of mineral depletion—and why they matter
Tilton, John E. ; Colorado School of Mines. Payne Institute for Public Policy
Tilton, John E.
Colorado School of Mines. Payne Institute for Public Policy
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2018-05
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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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