Geology topics
Stephen M. Jasinski
Publications and source records attributed to Stephen M. Jasinski.
Estimates of immediate effects on world markets of a hypothetical disruption to Russia’s supply of six mineral commodities
The potential immediate effects of a hypothetical shock to Russia’s supply of selected mineral commodities on the world market and on individual countries were determined and monetized (in 2014 U.S. dollars). The mineral commodities considered were aluminum (refined primary), nickel (refined primary), palladium (refined) and platinum (refined), potash, and titanium (mill products), and the regions and countries of primary interest were the United States, the European Union (EU–28), and China. The shock is assumed to have infinite duration, but only the immediate effects, those limited by a 1-year period, are considered. A methodology for computing and monetizing the potential impacts was developed. Then the data pertaining to all six mineral commodities were collected and the most likely effects were computed. Because of the uncertainties associated with some of the data, sensitivity analyses were conducted to confirm the validity of the results. Results indicate that the impact on the United States arising from a shock to Russia’s supply, in terms of the value of net exports, would range from a gain of \$336 million for titanium mill products to a loss of \$237 million for potash; thus, the overall effect of a supply shock is likely to be quite modest. The study also demonstrates that, taken alone, Russia’s share in the world production of a particular commodity is not necessarily indicative of the size of potential impacts resulting from a supply shock; other factors, such as prices, domestic production, and the structure of international commodity flows were found to be important as well.
Mineral resource of the month: Phosphate rock
As a mineral resource, “phosphate rock” is defined as unprocessed ore and processed concentrates that contain some form of apatite, a group of calcium phosphate minerals that is the primary source for phosphorus in phosphate fertilizers, which are vital to agriculture.
Mineral resource of the month: potash
The article offers basic information about the mineral resource potash. According to the author, potash is the generic term for a variety of mined and manufactured salts that contain the mineral potassium in a water-soluble form. The author adds that potash is used in fertilizers, soaps and detergents, glass and ceramics, and alkaline batteries.
Mineral resource of the month: peat
Peat is a natural organic material of botanical origin, harvested from deposits in bogs and fens. Commercial deposits form from the incomplete decomposition of plant matter under anaerobic conditions and gradually accumulate to form peat over about a 5,000-year period.
Mineral resource of the month: phosphate rock
Phosphate rock minerals provide the only significant global resources of phosphorus, which is an essential element for plant and animal nutrition. Phosphate rock is used primarily as a principal component of nitrogen-phosphorus-potassium fertilizers, but also to produce elemental phosphorus and animal feed.
Fertilizers: Sustaining Global Food Supplies
Explore the source record for details and available documents.