I SAY 'NEGLECTED', YOU SAY 'LOW VALUE' [25 February 2016]
Industrial minerals, construction materials, dimension stones, and semi-precious stones are sometimes referred to as Low Value Minerals and Materials (LVMM) due to their low price as a function of their weight, and their relatively low value to international commodity markets. Despite the connotation as 'low value' these minerals and materials provide crucial inputs for domestic economic development (infrastructure, manufacturing, construction and agriculture to name a few) and have the potential to be high value in terms of broad-based national development.
To reset the debate and shed the pejorative connotations associated with 'low value' commodities, the ACP-EU Development Minerals Programme uses the term Development Minerals. Each and every mineral or material has unique links to economic, social and human development. Neglect in the development and the oversight of these minerals and materials is a lost opportunity for domestic development in Africa, the Caribbean and the Pacific, and will perpetuate the environmental, social, and economic challenges of the sector.