Mining Magazine July 2019 | Page 47

POPULATION GROWTH
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and Road Initiative ( BRI ) has provided a ( relatively ) stable platform for potential UK coking coal and tungsten projects . The BRI plan is expected to generate over 120Mt of crude steel demand as ancient trade routes between China and Europe are redeveloped and has had subst-antial positive knock-on effects for many other commodities and sectors at a time when investment in Chinese infrastructure and urban areas was slowing .
Other global initiatives will also have an impact on global demand for UK commodities , such as ‘ rural electrification ’ plans to provide power to remote populations . The Powering Past Coal Alliance , kickstarted by the UK and Canada , will require investment and raw materials to support clean and renewable power projects .
POPULATION GROWTH
Potash and polyhalite projects are thought to be well insulated from choppy price swings as the world population is rising steadily with crop demands expected to increase around 50 % by the year 2050 . These factors give comfort to long-term forecast-
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