A brief review of the nature of mineral market analysis, microeconomic principles. Demand and consumption: demand determinants, intensity of use: concepts and trends, material substitution and demand elasticities. Costs, supply and production: primary supply: stages, sources and determinants, secondary supply and recycling, supply elasticities, comparative cost analysis and long run cost trends. Market structure, prices, economic rents and competitiveness: the industrial organisation paradigm, mineral markets: types and evolution, prices: past and future, volatility hedging, cartels and commodity agreements and economic rents. Future trends and prospects: an examination of selected... -- Course Website
Prerequisites: 10939 (v.6)<br/> Natural Resources Economics 601<br/> <br/> or any previous version
