19.8k views
1 vote
The only problem with finding a huge and valuable metal resource to bring to market is?

User PRATHAP S
by
7.9k points

1 Answer

3 votes

Final answer:

The main problem with finding and bringing a huge and valuable metal resource to market is the increasing difficulty and cost associated with mining as high-quality, easily accessible deposits become depleted. National security concerns can also influence the strategic stockpiling and availability of these resources. Furthermore, economic shifts and potential new technologies could alter demand and production rates.

Step-by-step explanation:

The only problem with finding a huge and valuable metal resource to bring to market is that such resources are increasingly difficult to find and exploit. As we continue to consume the attainable resource, it is evident from historical trends that easily accessed surface metal deposits have been gradually depleted. This depletion of high-quality resources means that more effort and technology are required to extract metals, which can lead to increased costs, both financial and environmental. Moreover, geopolitical considerations and national security concerns can impact the availability and strategic reserves of these metals, affecting supply and potential development of technology that relies on them.

In addition, there are broader economic and sustainability implications associated with mining materials from the Earth. There is a clear relationship between economic scale and energy use, with resources like oil, steel, and metals being a significant part of market economies. However, as the quality of accessible resources diminishes and alternative technologies emerge, both the demand for these traditional resources and their production rates could significantly change. This could impact the prices of these resources and economic reliance on them. The prospect of space mining is also considered, yet it is currently economically prohibitive, leaving Earth's remaining resources as the primary focus.

User Igor Kanshyn
by
8.9k points

No related questions found