Metallic Mineral Resources in the Twenty-First Century. I. Historical Extraction Trends and Expected Demand

Industrial, technological, and economic developments depend on the availability of metallic raw materials. As a greater fraction of the Earth’s population has become part of developed economies and as developed societies have become more affluent, the demand on metallic mineral resources has increased. Yet metallic minerals are non-renewable natural resources, the supply of which, even if unknown and potentially large, is finite. An analysis of historical extraction trends for eighteen metals, going back to the year 1900, demonstrates that demand of metallic raw materials has increased as a result of both increase in world population and increase in per-capita consumption. These eighteen metals can be arranged into four distinct groups, for each of which it is possible to identify a consistent pattern of per-capita demand as a function of time. These patterns can, in turn, be explained in terms of the industrial and technological applications, and in some cases conventional uses as well, of the metals in each group. Under the assumption that these patterns will continue into the future, and that world population will grow by no more than about 50% by the year 2100, one can estimate the amount of metallic raw materials that will be required to sustain the world’s economy throughout the twenty-first century. From the present until the year 2100, the world can be expected to require about one order of magnitude more metal than the total amount of metal that fueled technological and economic growth between the age of steam and the present day. For most of the metals considered here, this corresponds to 5–10 times the amount of metal contained in proven ore reserves. The two chief driving factors of this expected demand are growth in per-capita consumption and present-day absolute population numbers. World population is already so large that additional population growth makes only a small contribution to the expected future demand of metallic raw materials. It is not known whether or not the amount of metal required to sustain the world’s economy throughout this century exists in exploitable mineral resources. In the accompanying paper, I show that it is nevertheless possible to make statistical inferences about the size distribution of the mineral deposits that will need to be discovered and developed in order to satisfy the expected demand. Those results neither prove nor disprove that the needed resources exist but can be used to improve our understanding of the challenges facing future supply of metallic raw materials.