I want to build a business around the extraction and processing of a specific raw material. Problem is that I don't know what to choose. What is going to be very lucrative for the next 30 years? I've been thing aluminum, coal, natural gas, or titanium.
Engineer who worked in a mine here.
If you can afford hight cost assets to exploit the nature and extract the mineral (high cost machinery) run for the first option. Otherwise, it is cheaper to process. Btw is that dani daniels?
The barriers to entry are higher than almost any other industry. Land acquisition/leasing for mineral deposits is very capital intensive. Environmental permitting takes forever. Extremely high capital costs for production equipment. Insurance cost for ongoing operations is high.
That's why you don't see a lot of locally owned mineral mining startup operations. No sane person with the millions of dollars needed to start a mine would invest it in a mining operation whose profitability is tied to commodity prices.