『Abstract
This articles reviews the theoretical foundations for the concept
of peak minerals; drawing on similarities and differences with
peak oil as modelled using Hubbert style curves. Whilst several
studies have applied peak modelling to selected minerals, discussion
of the appropriateness of using Hubbert style curves in the minerals
context remains largely unexplored. Our discussion focuses on
a comparison between oil and minerals, on the key variables: rates
of discovery, estimates of ultimately recoverable resources and
demand and production trends. With respect to minerals, there
are several obstacles which complicate the application of Hubbert
style curves to the prediction of future mineral production, including
the lack of accurate discovery data, the effect of uncertain reserve
estimates, and varying ore quality and quantity. Another notable
differences is that while oil is often combusted during use, minerals
are used to make metals which are inherently recyclable. Notwithstanding,
by using a range of estimates of resources and/or reserves, a
period of time can be identified which indicates when a peak in
minerals production may occur. This information may then be used
to plan for a transition from using a potentially constrained
resource, to using substitutes if available, or to reducing demand
for that mineral in society.
Key Words: economic; environmental; Hubbert; mining; minerals;
peak oil; resource depletion; sustainable』
Introduction
Peak oil and assumptions for Hubberts curve
Discovery and reserves
Demand and production rates
Application of Hubbert style curves
Mineral depletion and availability
Models for forecasting mineral availability
Obstacles to modelling peak minerals with Hubbert curves
Lack of discovery data
Uncertain reserves
Production effects of varying ore grades and resource quality
Comparisons of data for peak oil and peak minerals modelling
Applying Hubbert curves to mineral production
Peak minerals practical applications
Conclusions
Acknowledgments
References