Suppose the world demand for chromium is about 1,845,000 tons per year. The known global reserves are 775,000,000 tons. What is the static reserve for chromium?

Question

Quizplus · Accepted Answer

To find the static reserve, we divide the known global reserves by the world demand.
Static reserve = Known global reserves / World demand
= 775,000,000 / 1,845,000
= 420.05
Therefore, the static reserve for chromium is 420.05.

Suppose the World Demand for Chromium Is About 1,845,000 Tons