Presentation on theme: "Drivers for a growing (?) European mining sector. Magnus Ericsson Thorium drawing: Kaianders Sempler. Industrial Technologies 2012, Aarhus, 19-21 June."— Presentation transcript:
Drivers for a growing (?) European mining sector. Magnus Ericsson Thorium drawing: Kaianders Sempler. Industrial Technologies 2012, Aarhus, June 2012 Magnus Ericsson
Are metals really needed? Copper drawing: Kaianders Sempler.
Special properties of metals High strength Affordable cost Conduct heat and electricity Beautiful Indestructible Source: T. Graedel, Yale University.
Copper use vs. GDP/capita Source: Häggström, Handelsbanken 2006.
Copper use and urbanisation Source: ICSG, Raw Materials Group 2011 Population million Urbanisation
% of global mining Global mining – 19th/20th century
What has happened in Europe? Manganese drawing: Kaianders Sempler.
Iron ore production Anton Löf Mt
Iron ore production Europe Anton Löf Mt
Copper production Anton Löf kt
Copper production Europe Anton Löf kt
Gold production Anton Löf t
Gold production Europe Anton Löf t
33 years -3.5%pa 40 years 2.3%pa 29 years -3.5%pa years 2-3%pa ? Copper price
Iron ore prices Source: Raw Materials Data, Stockholm December 2008 contract prices Carajas fines plus freight costs, TSI 62 % USD/t, cfr China
Copper price Source: Raw Materials Data, Stockholm 2012
Gold price Source: Raw Materials Data, Stockholm 2012
Nickel drawing: Kaianders Sempler. The future?
Metal prices index 2012
Global steel growth Anton Löf Source: Raw Materials Data Iron ore, %
Nordic ore production Anton Löf Mt
Conclusions Anton Löf Europe’s import dependency for iron ore, copper and base metals is seriously high. These are the critical metals for Europe not small specialities like rare earths. Nordic mining could be part of the solution. Mining is growing in spite of the crisis. This industry needs more attention from Europe to fulfill its potential role both as economic motor and a strategic industry.
Copper drawing: Kaianders Sempler. Luleå University of Technology Raw Materials Group PO Box 3127 SE Solna, Sweden Tel: Fax: Thank you/Tack!
Metals first isolated in Sweden/Finland Please visit
Raw Materials Group Raw Materials Data, Metals/Coal/Iron Ore. Strategy development: –Mining companies, equipment & service providers. Mineral policy, investment promotion: –Governments, International organisations. Pre-feasibility/Feasibility studies: –Financial institutions, companies. Member of the global IntierraRMG group.