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What factor(s) can explain the uncertainty in estimating the availability of mineral resources?

O Discovery of new mines and extraction techniques
O Changing trends in consumer demand
O Advances in recycling technologies
O All of these can explain the uncertainty.

1 Answer

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Final answer:

The factors explaining the uncertainty in estimating the availability of mineral resources include the discovery of new mines and extraction techniques, changes in consumer demand, and advances in recycling technologies. These contribute to fluctuating resource estimates.

Step-by-step explanation:

The uncertainty in estimating the availability of mineral resources can be explained by several factors:

  • The discovery of new mines and extraction techniques leads to the addition of reserves that previously were not considered economically recoverable.
  • Fluctuating consumer demand impacts the economic viability of mining certain minerals, as shifts in usage can lead to increased or decreased extraction efforts.
  • Advances in recycling technologies may reduce the need for newly extracted materials, directly affecting the estimation of resource availability.

In essence, all of these factors contribute to the uncertainty in estimating mineral resource availability. With new mines opening and technological advances affecting both extraction and recycling methods, as well as changes in consumer demand and global market trends, resource estimates are constantly evolving.

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