Mineral Resource Economics

Mineral Resource Economics is a branch of resource economics that focuses on the value, extraction, and management of natural mineral resources like metals and fossil fuels. It examines how these resources are priced, the costs of mining and production, and the economic impacts on societies and environments. This field helps policymakers and businesses make informed decisions about sustainable resource use, ensuring that communities benefit while minimizing environmental harm. Essentially, it balances economic development with responsible stewardship of valuable natural assets.