Mineral Resource Economics 1: Context and Issues

Cover
Half-Title Page
Title Page
Copyright Page
Contents
Introduction
	I.1. Why are mineral resources important?
	I.2. Should we fear a new mineral jump caused by the decarbonation of energy?
	I.3. Systemic mechanics associated with multiple corollaries: insights provided by interdisciplinarity
	I.4. References
PART 1. Background
	Chapter 1. Assessment of European Demand for Mineral Resources by Material Flow Analyses: The Case of Cobalt
		1.1. Introduction
		1.2. Cobalt market: structure and operation
			1.2.1. Diverse and highly concentrated resources
			1.2.2. Production and actors
			1.2.3. A market undergoing profound change
		1.3. A method combining value chain analysis and material flow analysis
			1.3.1. Value chain methodology
			1.3.2. Material flow analysis, for a better understanding of cobalt demand
		1.4. Results of and discussions on cobalt flow analysis in the European Union
			1.4.1. Changes in flows and stocks: lessons from MFA
			1.4.2. Value chain partnerships and flow analysis assistance
		1.5. Conclusion
		1.6. Appendix: quantities of cobalt contained in primary and refined streams, recycling rates, and cobalt waste management
		1.7. References
Chapter 2. Financialization of the Minerals and Metals Market: Origin, Challenges and Prospects
	2.1. Introduction
	2.2. Dynamics of financialization: understanding the heterogeneity of
the minerals and metals sector
		2.2.1. Functions of a raw material chain and outsourcing price risk
		2.2.2. Business practices and the role of futures
	2.3. Effects of financialization: from price dynamics to value chain
change
		2.3.1. Financialization and dynamics of raw material prices
		2.3.2. Effects of financialization on the structuring of commodity chains
	2.4. Conclusion
	2.5. References
Chapter 3. Geopolitics of Metals: Between Strategies of Power and Influence
	3.1. Introduction
	3.2. Natural resources doctrine
	3.3. Abundant, sensitive, critical, and strategic metals
	3.4. Competitive consumption
	3.5. Proliferation of “unobtanium metals”
	3.6. Strategy of influence, strategic stock, and exploration
	3.7. Conclusion
	3.8. References
Chapter 4. Mineral Wealth Endowment, a Construct
	4.1. Introduction
	4.2. Mineral endowment, an attempt at clarification
		4.2.1. Production and reserves
		4.2.2. Resources and perception
	4.3. Unequal distribution of resources
		4.3.1. Copper
		4.3.2. Tin
	4.4. Discussion: building mining endowment
	4.5. Conclusion
	4.6. Acknowledgements
	4.7. References
PART 2. Issues
	Chapter 5. Modeling the Long-Term Evolution of Primary Production Energy and Metal Prices
		5.1. Introduction
		5.2. Relationship between concentration and production energy
		5.3. Equivalence between energy and price
		5.4. Technological improvement and evolution of production energy
and metal prices over time
		5.5. Application to copper primary production
		5.6. Application to nickel, aluminum, silver, and gold
		5.7. Conclusion
		5.8. References
Chapter 6. Environmental Footprint of Mineral Resources
	6.1. Introduction
	6.2. Notion of environmental footprint
		6.2.1. Beginnings of the footprint
		6.2.2. Lifecycle assessment and impacts
		6.2.3. How are impacts translated into a footprint?
		6.2.4. Towards a more integrative impact footprint
	6.3. Principles of input–output analysis
		6.3.1. Input–output tables: summary tables of the economy
	6.4. Towards IOTs extended to the environment
		6.4.1. Current extensions
		6.4.2. Inclusion of direct environmental extensions in IOTs
		6.4.3. Imports and environmental extensions
	6.5. Calculation of environmental footprints of metals by MRIO analysis
		6.5.1. Basic principles of MRIO analysis
		6.5.2. Available databases
		6.5.3. Metal requirements for French final demand
		6.5.4. Environmental footprint of metal production
	6.6. Conclusion
	6.7. References
Chapter 7. Why Should We Fear Energy and Material Savings? Deconstructing a Sustainability Myth
	7.1. Introduction
	7.2. Conceptual critique of the “eco-efficiency” principle
		7.2.1. Historical review of the rise of eco-efficiency, or how to “produce more with less”
		7.2.2. Conceptual evolution and broadening the boundaries of eco-efficiency
		7.2.3. Eco-efficiency and environmental preservation: an equivocal synergy
	7.3. Rebound effects or unintended consequences of “producing more with less” at the macrosystemic level
		7.3.1. Optimizing to “burn” better, returning to the origin of rebound effects
		7.3.2. A compilation of rebound effects according to the development levels of our societies
	7.4. Conclusion
	7.5. References
Chapter 8. The “Resource Curse” in Developing Mining Countries
	8.1. Introduction
	8.2. How to take into account the contribution of exhaustible resources to sustainability and measure the “resource curse”
		8.2.1. From natural resources to natural capital
		8.2.2. Natural capital, sustainability and the “resource curse”
	8.3. Mining activity and the “resource curse”: macroeconomic and sectoral issues
		8.3.1. Mining economics and Dutch disease
		8.3.2. A long-term economic handicap
	8.4. Mining income: an unstable and toxic income for States
		8.4.1. Hypothesis of a deterioration in the terms of trade
		8.4.2. Weight of history
		8.4.3. Sharing the rent
		8.4.4. Institutional weaknesses
		8.4.5. Armed civil conflicts
	8.5. Is the “resource curse” inevitable?
		8.5.1. (In)effective public policies
		8.5.2. Promoting traceability and transparency
		8.5.3. Necessary governance of mining industries
	8.6. Conclusion
	8.7. References
Chapter 9. Industrial and Artisanal Exploitation of Natural Resources: Impacts on Development
	9.1. Introduction
	9.2. Impacts of industrial extraction
		9.2.1. Presentation of industrial extraction
		9.2.2. Macroeconomic impact of industrial extraction
		9.2.3. Local impact of industrial extraction
	9.3. The case of artisanal mines
		9.3.1. Presentation of artisanal exploitation
		9.3.2. Local impact of artisanal enterprises
	9.4. Conclusion
	9.5. Acknowledgements
	9.6. References
Conclusion
List of Authors
Index