Ted Hickman

How Politics Shape Mineral Wealth Use

Political decisions in the United States and other countries, as well as the relative concentration of mineral resources, will affect the comparative cost of mining. Many of these minerals are unevenly distributed around the world, and some countries have more reserves than others.

Chile, for example, has more than double the country’s copper reserves, and the second largest country (Australia) supplied 50 percent of its copper imports to the United States in 2016. China is the largest source of minerals for the United States. Pooled, especially for resources such as rare earths, germanium and industrial diamonds. After China, the second largest source of minerals for the United States is Canada, which supplies the United States with 16 different types of minerals, followed by Mexico, Russia, and South Africa, each of which supplies the United States with 8 different types of minerals and flammable goods.

Typically, the United States imports its mineral products from a wide variety of countries, and under no circumstances is the United States completely dependent on one country for mineral resources. Many of the world’s most important resources are found in extractive industries, such as coal and rare earths in China or oil in the Middle East. However, in the case of oil, natural gas, timber and coal in some countries, reserves can be estimated at tens of trillions of dollars, because the demand is large and the resources are relatively large.

Business analysts who are really good at their jobs find correlations between seemingly unrelated industries, like how online casino laws have a correlation to a county’s gambling laws. It’s interesting to note an example of how a country in which you can easily access a platform like https://www.stellarspins.com/en/, probably doesn’t have its government seeking to hold onto all the power around mineral wealth exploitation and dealing. They tend to allow for the advantages that come with regulating more of a free market system.

Brazil’s natural resources are valued at more than $ 21.8 trillion, and some of their main commodities are uranium, gold, iron and oil. The country has the world’s largest mining industry, producing mineral fuels, industrial minerals and metals. Russia is a leading producer of aluminum, arsenic, cement, copper, metallic magnesium and compounds, nitrogen, palladium, silicon and vanadium. In addition to diamonds and gold, the country also has reserves of iron ore, platinum, manganese, chromium, copper, uranium, silver, beryllium and titanium.

No commercial oil fields have been discovered, but the southern coast has moderate reserves of natural gas, and synthetic fuels are produced from coal at two large factories in the Free State and Mpumalanga provinces. The diamond industry in South Africa, one of the largest in the world, is largely controlled by De Beers Consolidated Mines, Ltd. Almost all electricity in South Africa is produced thermally, almost entirely from coal. Most of the electricity is generated by ESKOM at the huge plants in Mpumalanga. South Africa exports electricity to various countries in southern Africa.

China, in turn, mainly buys minerals and metals from Africa, as it does not have sufficient natural resources to meet its growing industrial needs.

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