The Shifting Pattern of Mineral Demand

A forecast of mineral demand during the remaining years of the 20th century can serve as an excellent starting point for student mining and mineral engineers in planning their professional careers. This approach of appraising demand before seeking supply is not new. of course, but, it is quite the opposite of the traditional attack on mineral resources in which adventurous prospectors, followed by practical miners and engineers, have in the past sought out and developed mineral supply with a faith that markets existed for the products they were preparing to offer. Such faith, even to this day remains fully justified if the product is gold, which still enjoys an unlimited market at $35 a fine ounce, but other mineral products must compete in markets of varying stability and capacity for adsorbing new supply. The world is in a period of rapid expansion. Most basic is the worldwide increase in the number of people which has reached proportions popularly termed "the population explosion." Conservative demographers, noting an increase from 1 ?h billion people at the beginning of the 20th century to 3 billion today, are predicting 5 billion by the year 2000; some predictions are much higher.