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Hoots (pretty sure) posted a pretty cool graph displaying the...

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Baseless

809 Posts.

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23/07/15

20:03

Post #: 15684470
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Originally posted by Goblin ↑

Makes you wonder...

Reserves

See also: Peak copper § Reserves
Copper has been in use at least 10,000 years, but more than 95% of all copper ever mined and smelted has been extracted since 1900,[21] and more than half was extracted in only the last 24 years. As with many natural resources, the total amount of copper on Earth is vast (around 1014 tons just in the top kilometer of Earth's crust, or about 5 million years' worth at the current rate of extraction). However, only a tiny fraction of these reserves is economically viable, given present-day prices and technologies. Various estimates of existing copper reserves available for mining vary from 25 years to 60 years, depending on core assumptions such as the growth rate.[22] Recycling is a major source of copper in the modern world.[21] Because of these and other factors, the future of copper production and supply is the subject of much debate, including the concept of peak copper, analogous to peak oil.

Peak copper

World copper production, 1900–2012
Peak copper is a hypothetical point in time at which the maximum global copperproduction rate is reached. Since copper is a finite resource, at some point in the future new production from within the earth will diminish, and at some earlier time production will reach a maximum. When this will occur is a matter of dispute. Unlike fossil fuels, however, copper is scrapped and reused and it has been estimated that at least 80% of all copper ever mined is still available (having been repeatedly recycled).[1] Copper is among the most important industrial metals, valued for its heat and electrical conductivities and malleability. Copper is used in electrical power cables, data cables, electrical equipment, automobile radiators, cooling and refrigeration tubing, heat exchangers, artillery shell casings, small arms ammunition, water pipes, and jewellery.

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Hoots (pretty sure) posted a pretty cool graph displaying the Rocklands resource next to Australia's economically viable copper deposits. It's basically a speck.

My understanding is that these deposits (including olympic dam) are all rather small compared to Chile's deposits.

CDU Price at posting: $1.70 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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