Viewing a single comment thread. View all comments

Financial-Employ5634 t1_j8jzwpy wrote

Your missing a key point here, when you say mining your talking about active mines. There aren’t enough active mines to begin with. Do you know how long it takes to get a new mine approved, get the exploration done to see if it’s even a feasible site, and then begin the actual mining? 15 years.

−1

ben7337 t1_j8ky4gp wrote

So the current mines are at 100% theoretical capacity and there's no more places in the globe that could be used to open new mines, and you're saying in spite of the constantly growing demand over the last couple decades, nations across the globe haven't been looking for economical sources to open new mines? I don't know much about the industry, but that sounds pretty unlikely to me, though besides child labor horrors, the only info I can find on new mines is that the US just opened it's first one in 2022

1