The European chemists organisation – EuChemS – has just added to the torrent of environmental drivel with their new periodic table. They’re trying to tell us which elements are going to run out when and thus tell us all that we’ve got to recycle. The entire process is bunkum because they’ve not understood the first thing about the supply of minerals. They simply do not know the meaning of mineral reserve that is.
Just for the edification of anyone who does drool when contemplating their own nasal effluvia – you know, a member of Greenpeace, that sort of person – a mineral reserve is something we’ve proven, yes proven, that we can extract from using today’s technology, at today’s prices, and make a profit. It costs a lot of money to prove these facts. Thus we only prove for what we’re likely to use in the next few decades. Mineral reserves are, to a reasonable level of accuracy, just the working stock of current mines.
There is no relationship, no relationship at all, between our mineral reserves and how much of that element or mineral is available to us to use. Really do grasp this point. It’s not that the amount is larger. It’s not that the multiple is high. It’s that there is no relationship at all. There are, for example, absolutely no mineral reserves of hafnium anywhere on the planet. Nothing, absolutely nada. At current rates of usage we might run out some few billion years after the Sun goes Red Giant. The European Chemical Society tries to tell us that there’s a serious risk of running short of Hafnium in the next 100 years. This is so gibberingly stupid that it would get a laugh from German geologists – I know because I told some this once and they giggled. Seriously, German – German – geologists, giggling.
Tim Worstall, “More Environmental Drivel With New Periodic Table – We’re Going To Run Out Of Helium”, Continental Telegraph, 2019-01-23.
February 25, 2019
QotD: Defining mineral reserves
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