WA and its mining wealth and efficiency wouldn't exist without a global market for both its supply and demand.
WA and its mining wealth and efficiency wouldn't exist without a global market for both its supply and demand.
The point being made is that more and more tonnes of raw material are being shipped to smelters per person than ever before.
Automation is still advancing so this will only increase, automation is also advancing in processing and production - we no longer need vast numbers of people to produce a billion tonnes of steel, and the number currently required is still falling.
It's already rising to meet the transition from fossil fuel energy to other sources.
We are living in a world where 60+ year olds like myself increased per capita throughput in exploration, extraction, processing and production. Much of this creative activity that sees results today came from a time 40 years ago when there were far fewer people than today.
There is a good reason why most of the stuff, new discoveries and technologies come from big countries and not from small ones.
Even rich countries per capita with small population size do not build huge infrastructure projects, do not send stuff and people in space, do not have sophisticated armies,...
The bulk of it was achieved with a population smaller than todays.
The ongoing work being planned doesn't require the population to grow, there is demand enough from a growing proportion wanting a greater standard of living and a world making a massive transition in base energy.
Your logic is circular. Because we can go all the way back to first few humans ever to exist and say they put it into motion, therefore a small group of couple of hundred of people is enough. Or go into other direction and dream what new wonders the next 40 years would bring with the rising population.
>> The ongoing work being planned doesn't require the population to grow, there is demand enough from a growing proportion wanting a greater standard of living and a world making a massive transition in base energy.
It doesn't have to grow, but we are not talking about growing we are talking about shrinking.
Your comments, however, seem to be locked into a single world view based on the assumed neccesity for unlimited growth.
This is blinkered, to say the least .. you might care to look at any of the many alternative thoughts on this matter,
eg: https://www.amazon.com.au/Small-Beautiful-Economics-People-M...
from waaaaay back in the 1970s.
We are not talking about shrinking back to zero, I am talking about world population finding a sustainable balnce, say five or seven billion by 2300 or so.
your argument fails to prove that for above mentioned fault in how you count the people involved.
https://www.spglobal.com/marketintelligence/en/campaigns/met...
You can access annual reports and technical reports on pretty much all the major mine sites about the globe, capital investments, plant sizes, work forces, etc.
then expand outwards mapping supply chain networks, etc. You know, the usual legwork.
E.g. with much smaller markets, many small components will be uneconomical to build and will not be available to the complex machinery required to mine at scale. Therefore, they will break down and be replaced by much less efficient but easier to maintain equipment thus decreasing quality of life for everyone in a negative feedback loop.
(I’m a proponent of this belief, and expect it to apply to the semiconductor industry as well, esp. as SK/APEC engineers start to retire en masse.)