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Critical Raw Materials

Critical Raw Materials. By Niall Griffin. Introduction and Overview. Substitution – a key idea Underlining the need for more exploration Countries having a monopoly of materials Demand is only going to increase. Three Findings of Most Interest.

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Critical Raw Materials

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  1. Critical Raw Materials By Niall Griffin

  2. Introduction and Overview • Substitution – a key idea • Underlining the need for more exploration • Countries having a monopoly of materials • Demand is only going to increase

  3. Three Findings of Most Interest • China holding 90% share of the rare earth reserves as an example • Vast amounts of the Crust remain unexplored • Realising how extensively Indium and Copper are used in electronics

  4. Why is it a concern? • Due to the monopoly problem with China • There will be much greater demand by 2030 • The production rates for 2006 will be exceeded dramatically by 2030

  5. Illustrating Demand

  6. Summary • Recycling, Substitution and Exploration are key • Realising that a monopoly is a potential crisis • The need for technological advances in mining is key

  7. Questions?

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