World Reserves of Lead and Zinc

"OUR INTEREST in estimates of world reserves of lead and zinc is focussed mainly on the information they give about the sufficiency of metal supplies for the future. However, we soon realize that the estimates can be interpreted in several different ways. Accordingly, it is necessary to have some under-standing of the elements represented by a compilation of world re-serves, and we will start by examining the accuracy of the estimates and what they attempt to measure.Variations in Estimates of the ReservesIf we study the estimates of world reserves that have been published in recent years, we note immenediately that they vary over a considerable range. For example, an article by Shea in 1947 gave world reserves as about 36 million tons of lead and 60 million tons of zinc. Shea did not in elude the United States but I have added to his totals the estimates made by the Bureau of Mines for that country in arriving at the foregoing figures. For approximately the same date, the American Zinc Institute and the Lead Industries Association reported world reserves as about 50 million tons of lead and 77 million tons of zinc. A comparison of the two sets of figures shows a mean variation of 30 per cent. For individual countries the difference between estimates can be even larger. A few years ago the estimate of Canada's reserves made by the United States Bureau of Mines was 7.4 million tons of lead and 14.0 million tons of zinc, while the Gordon Commission reported 1 O. 7 million tons of lead and 26.0 mil-lion tons of zinc. In this case the mean variation was 55 per cent."