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The Economics of Current Metal Markets

  • Phillip Crowson
Chapter

Abstract

Less than 2 years ago the general view, as expressed in the International Monetary Fund’s World Economic Outlook, was that the global economy would suffer but a mild correction in 2008 and 2009 and that the strong economic expansion then under way would soon resume. This expansion, spearheaded by rapid growth in China and other emerging economies, was fuelling buoyantly rising demand for all raw materials and forcing up their prices. Most commentators subscribed to the belief that the mineral industries were embarking on a period of sustained prosperity such as they had allegedly not witnessed since the 1960s. Such is the stuff that dreams are made on!

Keywords

Mineral Industry Secondary Material Global Output Metal Usage Global Usage 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Author’s note:

This paper was written in September 2009. Although parts may have been overtaken by subsequent developments its basic conclusions still stand.

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Copyright information

© Physica-Verlag HD 2011

Authors and Affiliations

  1. 1.Centre for Energy, Petroleum and Mineral Law and PolicyUniversity of DundeeDundeeUK

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