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Jose7up Jose7up
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6 years ago
Can technological progress change economically recoverable reserves of a given mineral resource? Can it change technically recoverable reserves of a given mineral resource? Why?
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Environment: The Science Behind the Stories, Canadian Edition

Environment: The Science Behind the Stories, Canadian Edition


Edition: 3rd
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6 years ago
Yes, it can increase both. As technology improves, the costs of mineral extraction drop, so what was too expensive (i.e., technically recoverable but uneconomical) to mine before can be now mined economically. As technology improves, what was technically impossible to extract before now becomes possible, so these new resources can now be counted as technically recoverable resources.
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