Suppose that all mining was reduced by 50%, what effect would this have on you as a consumer?

Question

Do you think this would lead to an increase in prices? What sort of shortages would you expect to occur?

Answer 1

The immediate effect would be less metal, therefore less steel, nails, cars, cutlery, lights, computers, phones, bikes, just about everything you can think of. Then there would be less, fertiliser, cement, buildings homes, pipes, roads, planes boats. Then for us there would less food, water run short when pipes failed, we couldnt transport food there would be less fuel for transport, food processing and manufacturing. With all these shortages prices would sky rocket upwards. Mining affects just about every aspect of our lives. There would be major food and water shortages in poorer areas and there would be large numbers of death from hunger and disease because aid could not reach them.

Answer 2

Definitely an increase in prices. Copper wiring for new home construction would be hit hard. Coal for power plants cut in half would mean some plants would have to shut down. A new battery for your car might cost 30 percent of what the car did. Transportation (rail, ship, truck) would slow way down and become very expensive since this is based on vehicles produced from steel. There would be "Ripple Effects" from the industries directly effected that would filter down to impact everything.

Answer 3

It is certain that the prices of mineral commodities will climb abruptly. It is said that everything that man uses here on earth are either mined or grown. If it is not mined, it is grown. Nowadays man cannot possibly live without mined minerals. Shrotage of metals for cars, homes, appliances and others for our everyday living will occur even food ingredients, drugs/medicines.