Risks for the production of raw materials
(PresseBox) - Scientists from the United States Geographical Survey have investigated how earthquakes jeopardize the supply of raw materials.
Earthquakes can have a major impact on mining. The study focused on the risks to copper production. The focus is on areas with high earthquake risks as well as the raw material-specific mining, smelting and refining operations worldwide. Many of the largest copper mines and processing plants are located in highly seismic areas of East Asia, South America and the Pacific. 76 of the 101 copper-producing facilities in South America, which account for over 80 percent of South American copper mining, smelting and refining production, are located in an area with a high risk of earthquakes. According to the analysis, the annual disruption caused by earthquake faults in copper mining can amount to between 315 million and around 1.29 billion US dollars. In copper smelting, the figures are between 1.92 billion and 4.33 billion US dollars. In copper refining, figures of between 2.06 billion and 4.52 billion US dollars were calculated. Such analyses can help mining companies make important decisions.
The demand for mineral raw materials is likely to continue to rise as the needs of an increasingly affluent world population and a future without fossil fuels increase. A modern economy includes areas such as infrastructure, energy, transportation and communication. These sectors are dependent on mineral raw materials, whether it s cobalt in lithium-ion batteries or the sectors that rely on copper. The automotive industry needs copper, as do new technologies such as renewable energies, information and communication technology, architecture and many other industrial applications.
In the nickel-cobalt sector, Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - with its Crawford project in Ontario is one of the most promising companies.
U.S. GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ -, for example, owns copper - in addition to gold in Alaska on its Whistler property.
Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/de/unternehmen/us-goldmining-inc/ -) and Canada Nickel Company (- https://www.resource-capital.ch/de/unternehmen/canada-nickel-company-inc/ -).
In accordance with ?34 WpHG, I would like to point out that partners, authors and employees may hold shares in the companies mentioned and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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Datum: 07.08.2024 - 04:23 Uhr
Sprache: Deutsch
News-ID 709700
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