mineral economics

Mineral economics studies how natural mineral resources are discovered, extracted, and used, considering their economic value and impact. It examines factors like supply and demand, costs, technology, and market conditions that influence mineral prices and availability. The goal is to optimize resource use efficiently while balancing environmental and economic concerns. This field helps policymakers, companies, and communities make informed decisions about resource development and sustainability, ensuring minerals are produced responsibly to meet current needs without depleting future supplies.