Heading toward a future of commodity scarcity and soaring prices -- at least according to Jeremy Grantham and others -- natural resources have never played a greater role in national power and wealth.
We're going to recap a great report on the metal & mineral superpowers, which was published by Citi last year. Remember this report gives value based on 2010 prices, and doesn't count a big rally in the past year, with gold up 65%.
The U.S. has an impressive $613 billion in metal & ore reserves but ranks only No. 8 on this list.
15) Guinea has $222 billion in metal & ore reserves
100% of value is in Bauxite
444 years of production
Source: Citi (2010)
14) Indonesia has $227 billion in metal & ore reserves
48% Copper
33% Gold
19% Nickel
27 years of production
Source: Citi (2010)
13) Mexico has $240 billion in metal & ore reserves
56% Copper
15% Gold
10% Iron ore
10% Zinc
62 years of production
Source: Citi (2010)
See the rest of the story at Business Insider
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See Also:
- Gold Nears $1850 In Renewed Ascent
- Gold Climbs Back To $1800
- MONEY GAME TIP OF THE DAY: Commodities Offer Very Poor Real Returns
Source: http://feedproxy.google.com/~r/businessinsider/~3/7fwZyrxFjdo/countries-metal-mineral-wealth-2011-9
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