There is lots of metal in the ground and we keep digging it up.
Also used metal can somewhat easily be reused (compared to other materials)
We have roughly 80 billion metric tons of iron ore in deposits, and over the last 15 years that actually increased because we discovered more deposits than we mined. Per year we mine about 2.5 billion tons, so if we discover no more iron we’d run out in less than 40 years (but it slows down as recycling rate increases)
We’re actually far closer to running out of coke quality coal for steel production than we are running short of iron for said production.
Something I don’t think many people realize is that we’re living in the *steel age*. It’s everywhere, it’s ubiquitous, and we’re inescapably dependant on it. Yet there’s a very real risk that at some point in the coming century production may wane. If we don’t find suitable alternatives it could cause problems with our global economy.
This is an example of what I mean when I say “even if everything goes right this century, we *still* have major issues to deal with.” Yet we *still* have people arguing over ACC legitimacy, or whether or not it should be permissible to be gay.
We have real adult problems, and we’re collectively still behaving like children. It’s really depressing.
The only issue we reasonably face is the consumption of copper vs the production capacity. Not the reserves of ore, there’s reasonably decades of known deposits. But the smelting capacity is what limits production. A new copper smelter is an incredibly expensive thing to build and repays the investment very slowly. I know there was some concern at the log rhythmical growth in demand from BRICs economies causing a squeeze at some point.
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