Critical minerals versus major minerals: a comparative study of exploration budgets.
Saved in:
| Title: | Critical minerals versus major minerals: a comparative study of exploration budgets. |
|---|---|
| Authors: | Castillo, Emilio1 (AUTHOR) ecastillo@uchile.cl, del Real, Irene2 (AUTHOR), Roa, Cintia3 (AUTHOR) |
| Source: | Mineral Economics: Raw Materials Report. Sep2024, Vol. 37 Issue 3, p433-444. 12p. |
| Subject Terms: | *Multivariate analysis, *Prices, *Prospecting, *Budget, *Supply chain disruptions |
| Abstract: | Disruptions in the minerals supply chain play a central role in defining the future stock of minerals; therefore, an in-depth analysis of the outcomes and variables affecting exploration is required. In comparative terms, the exploration of critical minerals and major minerals presents geological and technical differences; thus, exploration budgets for critical minerals should be expected to depart from those observed in other minerals. In this context, the main goal of this paper is to contrast how exploration budgets differ between critical and major minerals when considering a set of key variables. We take a multivariate statistical analysis approach based on firm-level budget exploration data to show four key findings: exploration budgets allocated for critical minerals remain consistently lower than major minerals even when controlling for other factors. Moreover, they present a higher sensitivity to fluctuations in commodity prices. Besides, the investment made by larger companies in critical minerals significantly lags behind those made by junior companies. Additionally, the focus of exploration activity for critical minerals predominantly lies in the earlier stages of the exploration process. We expect these initial results to be used as a step forward to facilitate the discussion about exploration policies and, consequently, the reliability of the supply chain. [ABSTRACT FROM AUTHOR] |
| Database: | Energy & Power Source |
| FullText | Text: Availability: 0 |
|---|---|
| Header | DbId: enr DbLabel: Energy & Power Source An: 180004344 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
| IllustrationInfo | |
| Items | – Name: Title Label: Title Group: Ti Data: Critical minerals versus major minerals: a comparative study of exploration budgets. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Castillo%2C+Emilio%22">Castillo, Emilio</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> ecastillo@uchile.cl</i><br /><searchLink fieldCode="AR" term="%22del+Real%2C+Irene%22">del Real, Irene</searchLink><relatesTo>2</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Roa%2C+Cintia%22">Roa, Cintia</searchLink><relatesTo>3</relatesTo> (AUTHOR) – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Mineral+Economics%3A+Raw+Materials+Report%22">Mineral Economics: Raw Materials Report</searchLink>. Sep2024, Vol. 37 Issue 3, p433-444. 12p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Multivariate+analysis%22">Multivariate analysis</searchLink><br />*<searchLink fieldCode="DE" term="%22Prices%22">Prices</searchLink><br />*<searchLink fieldCode="DE" term="%22Prospecting%22">Prospecting</searchLink><br />*<searchLink fieldCode="DE" term="%22Budget%22">Budget</searchLink><br />*<searchLink fieldCode="DE" term="%22Supply+chain+disruptions%22">Supply chain disruptions</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Disruptions in the minerals supply chain play a central role in defining the future stock of minerals; therefore, an in-depth analysis of the outcomes and variables affecting exploration is required. In comparative terms, the exploration of critical minerals and major minerals presents geological and technical differences; thus, exploration budgets for critical minerals should be expected to depart from those observed in other minerals. In this context, the main goal of this paper is to contrast how exploration budgets differ between critical and major minerals when considering a set of key variables. We take a multivariate statistical analysis approach based on firm-level budget exploration data to show four key findings: exploration budgets allocated for critical minerals remain consistently lower than major minerals even when controlling for other factors. Moreover, they present a higher sensitivity to fluctuations in commodity prices. Besides, the investment made by larger companies in critical minerals significantly lags behind those made by junior companies. Additionally, the focus of exploration activity for critical minerals predominantly lies in the earlier stages of the exploration process. We expect these initial results to be used as a step forward to facilitate the discussion about exploration policies and, consequently, the reliability of the supply chain. [ABSTRACT FROM AUTHOR] |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=enr&AN=180004344 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1007/s13563-023-00388-w Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 12 StartPage: 433 Subjects: – SubjectFull: Multivariate analysis Type: general – SubjectFull: Prices Type: general – SubjectFull: Prospecting Type: general – SubjectFull: Budget Type: general – SubjectFull: Supply chain disruptions Type: general Titles: – TitleFull: Critical minerals versus major minerals: a comparative study of exploration budgets. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Castillo, Emilio – PersonEntity: Name: NameFull: del Real, Irene – PersonEntity: Name: NameFull: Roa, Cintia IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 09 Text: Sep2024 Type: published Y: 2024 Identifiers: – Type: issn-print Value: 21912203 Numbering: – Type: volume Value: 37 – Type: issue Value: 3 Titles: – TitleFull: Mineral Economics: Raw Materials Report Type: main |
| ResultId | 1 |
