New research shows that existing copper¹ resources can sustain increasing world-wide demand for at least a century, meaning social and environmental concerns could be the most important restrictions² on future copper production. Researchers from Monash University have conducted the most systematic³ and robust⁴ compilation⁵ and analysis of worldwide copper resources to date. Contrary to predictions estimating that supplies of this important metal would run out in around 30 years, the research has found there are plenty of resources within the reach of current technologies.

 

The database, published in two peer-reviewed papers, was compiled by Dr Gavin Mudd and Zhehan Weng from Environmental Engineering and Dr Simon Jowitt from the School of Geosciences. It is based on mineral resource estimates from mining companies and includes information vital for carbon and energy-use modelling, such as the ore grade of the deposits.

 

Dr Jowitt said the database could change the industry's understanding of copper availability.

 

"Although our estimates are much larger than any previously⁶ available, they're a minimum. In fact, figures for resources at some mining projects have already doubled or more since we completed the database," Dr Jowitt said.

 

"Further, the unprecedented⁷ level of detail we've presented will likely improve industry practice with respect to mineral resource reporting and allow more informed geological exploration."

 

Dr Mudd said the vast volumes of available copper meant the mining picture was far more complex than merely stating there were 'x' years of supply left.

 

"Workers' rights, mining impacts on cultural lands, issues of benefit sharing and the potential for environmental degradation⁸ are already affecting the viability⁹ of copper production and will increasingly come into play," Dr Mudd said.

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