Minneral Economics

Mineral economics is the study of how mineral resources like oil, gas, and metals are discovered, extracted, and used within markets. It analyzes the costs of exploration and production, evaluates supply and demand influences, and considers environmental and social impacts. The goal is to optimize resource use, ensure sustainable development, and make informed decisions about investing and managing mineral assets. Essentially, it combines economic principles with geology and industry practices to understand how minerals contribute to the economy and how their limits affect global markets.