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Mineral economists have parties too
THE minerals industry is one of ‘boom and bust’ – and then déjà vu - all over again. Despite occasional suspicions to the contrary this inevitable cycle is hard-baked into our industry – and also described by mineral economic theory1.
The ‘best' booms are when both prices are high (and/or rising) and when supply is increasing. This describes the shale-oil industry in the USA1, WA's iron ore industry circa 20102, and the lithium industry,3...
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