Thursday 8:30 Scott F. Sibley, US Geological Survey
Market Trends in Metals Supply and Demand - Recent Rises in Metal Prices
With the dramatic rises in metal prices in 2004, spanning nearly the full spectrum of metals sold commercially, questions have arisen about the causes of these increases. The basic supply of metals is discussed, and the various reasons for metal price rises, for the purpose of identifying the most important causes of these relatively high price levels. Some examples of historical demand and price trends are given for aluminum, manganese, and iron ore, along with specific examples of trends in aluminum, steel, and iron ore in China. Suggestions of possible outlets for recovered metal-bearing material from mine water drainage are also given.
Scott F. Sibley has spent his entire career of more than 30 years with the U.S. Government in the minerals information field, working first at the U.S. Bureau of Mines, specializing in cobalt and nickel, and serving in a supervisory capacity in the ferrous metals area. When the Bureau of Mines was closed by Congress in 1996, the minerals information function was transferred to the U.S. Geological Survey, and he continued supervision of ferrous metals specialists, becoming Chief of the Metals Section, Minerals Information Team, in 2004. Mr. Sibley holds a Bachelor of Science degree in Geology from Principia College in Illinois and a Master’s degree in Earth Sciences from Washington University, St. Louis, MO.