In the Stone Age, humanity mainly used tools and utensils made from earth and stone, but even then copper and gold were being produced. Later, in the copper and bronze age, tin, zinc, arsenic, lead, and antimony were used in the making of tools for agriculture and domestication of animals. Together with more recently discovered metals, and other mineral resources including fossil fuels, these resources have become indispensable to the survival of humanity and the development of human civilization. However, as civilization developed, the combination of human population growth and the modernization of countries around the world has led to ever larger global resource consumption. Some experts expect that this exponential growth of resource consumption in human societies will lead to the depletion of key resources in the near future, making it increasingly difficult for future generations to enjoy the benefits of Earth's natural capital. Certain rare metals, in particular, are unevenly distributed on the globe, and the continued increase in their consumption may lead to economic friction or even strife and war between the countries where mining takes place.
On the other hand, there are many experts that believe that there are still plenty of resources available for consumption without threatening our present lifestyle. One optimistic view holds that even if some current resources run out, future technological advances will enable the development of alternative materials that will make it possible to sustain our current lifestyle without a need for population control or the danger of descending into chaos.
In this section, we cover some of the key arguments concerning resource depletion. Are we facing the danger of imminent resource depletion? What does the term itself mean and how might we measure and evaluate the time span remaining until depletion?
What is Resource Depletion?
For practical purposes, “resource depletion” does not mean that mineral resources will be completely “used up”. Instead, the term refers to a situation where:
- the amount of resources available to future generations is considerably reduced;
- recovering those resources becomes difficult due to a need for increased energy input; and
- it becomes difficult to maintain a high quality of life, currently dependent on those resources.
More specifically, the below phenomena will occur with resource scarcity and should be taken as the practical definition of resource depletion:
- the steep rise in the price of a resource;
- the increase in environmental damage caused by the extraction of a resource; and
- the loss of the economic benefit (feasibility) of using the resource.
The Possibility of Resource Depletion
The lifespan of a resource (proven reserves divided by annual consumption) changes with the discovery of new materials and technological developments. While it is possible to calculate a static (or current) figure for the lifespan of a resource, one cannot argue based on this alone, that a resource will run out or not. We can, however, discuss the degree of depletion by looking at the difference between current consumption and the estimated absolute volume of the resource in question.[5]
The difference between the estimated total volume of a resource found in the earth's crust and cumulative resource consumption is vast. As indicated in Figure 1, the resource base itself is enormous and, even if consumption increases as lifestyles around the world become more prosperous, the physical depletion of most resources within a short time is unlikely. This in turn means that using existing resource amounts to explain resource depletion is basically meaningless. The real problem is that out of the total resource base, the amount of reserves that can be economically mined is rather small.
Figure 1: Existing Resources and Extractable Resources
Source: Resource Production Evaluation Based on Total Material Requirement (TMR) [5]
It is possible that technological advances will allow more iron and lead resources to be extracted but, if this does not happen, economic restrictions will make these resources inaccessible.
From the figure above, we can conclude the following:
- The absolute depletion of resources is not a major concern.
- The quality of some resources is declining. If this decline causes their development to become economically unfeasible, this economic depletion is the equivalent of physical depletion.
- Depletion of a resource depends on the speed of consumption, changes in resource quality, usage patterns, collection and recycling efforts.
- Rare metals are critical not only because of their rarity, but because they are broadly used in industrial society and their supply base is both environmentally, and often politically, fragile. The key question is whether a stable, efficient supply is possible, thus supporting economic activity. Considering recent trends in consumption and increased demand from the information technology industries and the difficulty of substitution, preparing for the depletion of some rare metals such as platinum, rare elements, and indium, is becoming an issue of high importance.