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THE Precious Metals: Copper Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Unread postby Cyrus » Sat 04 Jun 2005, 11:15:14

$this->bbcode_second_pass_quote('', 'C')opper prices are rising because of demand from China, not because of dwindling supplies.


Increased demand leads to dwindling supplies.
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Unread postby Starvid » Sat 04 Jun 2005, 11:41:56

$this->bbcode_second_pass_quote('Cyrus', '')$this->bbcode_second_pass_quote('', 'C')opper prices are rising because of demand from China, not because of dwindling supplies.


Increased demand leads to dwindling supplies.

Increased demand leads to rising prices which also leads to prospecting and increased production.

One have to understand that the mineral market is completely different than the oil market. Copper and other metals aren't used up - they can easily be recycled. Obviously coal and oil can not.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Unread postby Tyler_JC » Sat 04 Jun 2005, 12:09:05

We went from copper mines with 30%+ copper (the begining of the copper age), to today where we have mines with only .3% copper. Without lots of energy, it would be impossible to extract that copper profitably. Peak Oil also means Peak Minerals.

Cheap oil holds up our civilization and when that disappears, our civilization will disappear with it. The question is, what will replace it? And how much of this one to do we want to include in the next one?
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Unread postby Cyrus » Sat 04 Jun 2005, 12:31:15

$this->bbcode_second_pass_quote('', 'O')ne have to understand that the mineral market is completely different than the oil market. Copper and other metals aren't used up - they can easily be recycled.


When metal is recycled, metal is lost. Recycling isn't a mitigation for anything, but, it "helps".

$this->bbcode_second_pass_quote('', 'W')e went from copper mines with 30%+ copper (the begining of the copper age), to today where we have mines with only .3% copper. Without lots of energy, it would be impossible to extract that copper profitably. Peak Oil also means Peak Minerals.

Cheap oil holds up our civilization and when that disappears, our civilization will disappear with it. The question is, what will replace it? And how much of this one to do we want to include in the next one?


One big reason solar, wind etc wont work! The minerals/metals needed to build them take TONS of energy to extract these days....
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Unread postby Starvid » Sun 05 Jun 2005, 09:47:29

Peak Oil only means Peak Minerals if it also means Peak Energy - which it does not.

Peak Oil is not an energy crisis, it is a liquid fuels crisis.

I have said this a million times, maybe I should put it in my signature?
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Unread postby RG73 » Sun 05 Jun 2005, 10:02:50

$this->bbcode_second_pass_quote('Starvid', 'P')eak Oil only means Peak Minerals if it also means Peak Energy - which it does not.


So minerals are infinite in quantity?

Since we know they are not, and since we know that recycling minerals will not recover 100% of mineral(s) in question, then with or without infinite energy (which barring fusion, we also will run into), we will have peak minerals at some point or another. That might be 100 years from now or 1000 years, but it will happen.

Given that even without an oil or an energy crisis many minerals are becoming more difficult to find, and that the deposits we do find are of lower quality and require more energy intensive processing, it would actually stand to reason some minerals may become scarce relatively soon (given that there are no large scale recycling projects to reclaim these minerals at present).
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Unread postby Starvid » Sun 05 Jun 2005, 15:13:59

Of course minerals are not infinite. I only said the end of oil have nothing to do with the end of minerals.

If it is as you say, that many minerals are becoming scarce, then the price will rise making recycling profitable.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Unread postby Tyler_JC » Sun 05 Jun 2005, 15:23:12

$this->bbcode_second_pass_quote('', 'O')f course minerals are not infinite. I only said the end of oil have nothing to do with the end of minerals.

If it is as you say, that many minerals are becoming scarce, then the price will rise making recycling profitable.


Peak Oil does not mean the end of oil, it means the end of CHEAP oil.

Peak Minerals does not mean the end of minerals, it means the end of CHEAP minerals.

Our lifestyles will take a major hit when everything becomes more expensive. We will have to learn to live with less. Efficiency (recycling) is great but it doesn't do much to solve the real issue. Infinite growth in a finite world is not possible. Enough said.
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Unread postby Starvid » Sun 05 Jun 2005, 16:11:38

Let me rephrase: the end of cheap oil has nothing (or very little) to do with the end of cheap minerals.

Anyways, talking about minerals as a homomgenous group is silly. The amount of cheap iron and the amount of cheap bauxite in the ground have very little to do with each other.
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Unread postby Tyler_JC » Sun 05 Jun 2005, 17:28:45

$this->bbcode_second_pass_quote('', 'L')et me rephrase: the end of cheap oil has nothing (or very little) to do with the end of cheap minerals.

Anyways, talking about minerals as a homomgenous group is silly. The amount of cheap iron and the amount of cheap bauxite in the ground have very little to do with each other.


Mining minerals takes a lot of energy these days. Have you ever seen pictures of a copper mine?
Image

Are you trying to tell me that a massive increase in the price of energy won't affect the cost of copper and other minerals?

Granted the price of iron and the price of aluminum are not highly related, but the price of energy certainly has a big impact on the price of these commodities. If we must dig ever deeper into the earth to get our raw materials, clearly the price of these materials must go up. If the cost of energy goes up, it will cost more money to dig up these materials regardless of depth.
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Will copper become scarce?

Unread postby Denny » Thu 23 Jun 2005, 22:42:59

Bascially, copper is the building block of most thermal or electrical energy transfer equipment.

Many renewable energy concepts require a disproportionate amount of material relative to the production. For instance, either solar grids or wind technology require a collection system capable of moving a fair charge at a peak time, and this is stored and used over the lulls. But, by nature, this means a lot of material.

Are there any forecast for copper production out there? Will our future be constrained by this vital material? Aluminum can be a reasonable substitutre, but it has a huge energy input in its smelting.
Last edited by Ferretlover on Wed 01 Apr 2009, 22:13:26, edited 1 time in total.
Reason: Merged with THE Precious Metals: Copper Thread.
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Unread postby nznutter » Thu 23 Jun 2005, 23:30:47

Hi Denny,

I think that base and precious metals will become much more scarce as mining is a very energy intensive process so it goes without saying that with declining amounts of energy available less metals will be mined.

Above ground stockpiles of copper, silver etc are near or at all time lows so it might be a good time to stock up on them if you have a bit of money lying around!

The USGS forecasts production and availability of metals. From memory silver is one of the first to run out, around 2020-2030 at current production rates.
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Unread postby turmoil » Thu 23 Jun 2005, 23:52:08

don't worry guys, we'll be able to make copper out of other stuff.

you know, alche[econo]mist style. :roll:
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Unread postby UIUCstudent01 » Fri 24 Jun 2005, 00:14:06

Would certain waste disposal areas begin to be 'copper mines' (and other resources) in a sense?

(The cost of recovering and recycling discarded material begin to cost less.)

Woo, Recycling!

(Because we have to..)
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Unread postby I_Like_Plants » Fri 24 Jun 2005, 00:21:10

OK first eventually, or suddenly, we'll see, something like 90% of the population on the earth has to go. Then, living is much nicer, more free time, much better quality of life, if people grow at least some of their own food, bike instead of drive, etc. There's not going to be a NEED for nearly as much copper as is being used now. And we've got tons and tons of the stuff already mined and refined, just have to dig it out of landfills, out of the wiring in houses no one lives in any more, etc.
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Unread postby MicroHydro » Fri 24 Jun 2005, 00:52:50

$this->bbcode_second_pass_quote('I_Like_Plants', 'O')K first eventually, or suddenly, we'll see, something like 90% of the population on the earth has to go. Then, living is much nicer, more free time, much better quality of life, if people grow at least some of their own food, bike instead of drive, etc. There's not going to be a NEED for nearly as much copper as is being used now. And we've got tons and tons of the stuff already mined and refined, just have to dig it out of landfills, out of the wiring in houses no one lives in any more, etc.


Exactly. And copper is not exactly expensive, it is priced by the ton.
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Unread postby Dezakin » Fri 24 Jun 2005, 03:06:32

Nor does it deplete like oil does. Oh theoretically we'll get all the high grade ore bodies on earth eventually, but the stuff goes all the way down, rather than stopping where sedimentary deposits of oil resivoirs are.
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Unread postby I_Like_Plants » Fri 24 Jun 2005, 03:12:51

We won't have to dig any out of the ground, since there's so much in the houses, wires, etc. there's a LOT of copper per capita and population's going to go way down, remember. I'd not stock up on any metals.
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Unread postby nznutter » Fri 24 Jun 2005, 04:03:49

I_Like_Plants cant say I agree with you. Take silver for instance, a precious metal that has been money for 5000 years of history. It will always have value. Anything tangible will have some value. That US Dollar in your bank account will be worth 0 nip nada after peak oil has done the destruction you are forecasting.
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Unread postby Dezakin » Fri 24 Jun 2005, 05:40:16

$this->bbcode_second_pass_quote('', 'W')e won't have to dig any out of the ground, since there's so much in the houses, wires, etc. there's a LOT of copper per capita and population's going to go way down, remember. I'd not stock up on any metals.


I dont see any evidence of a population implosion or a decline in copper demand.
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