week 11

Question 1

Geometallurgy

Answer 1

where is the metal in the deposit, why is it there and how
best to get it out.

Question 2

What is ESG?

Answer 2

• Environment, Social and Governance
• Also Corporate
  Responsibility/Sustainability/ESG…
• Finance, investment, resources sectors

Question 3

critical metals

Answer 3

metals essential for society, usually for green technology, for which there is a significant supply risk.

Question 4

Factors influencing supply

Answer 4

• Production capacity
• Refining capacity
• Production costs (labor and
  materials etc.)
• Number of active mines
• Bottlenecks in supply chain
• Other external factors such as
  weather, industrial action,
  materials shortage etc.
• Remember it takes a minimum of
  10 years to open a new mine…

Question 5

The substitution cycle- Life Cycle
Assessment

Answer 5

1. Commodity price increases for metal X =
   need for substitution
2. Substitution decreases demand for metal
   X
3. A surplus in supply is created for metal X
   and the price falls
4. Metal X is now economically viable