From the vantage point of more than 50 years' work in the raw material field, as well as working in the private sector, in the German federal ministry of economics, at a geological survey, and engaged in teaching and supervising research at a university, I draw a number of conclusions about the following aspects of the fields: development of long-term prices, the long-term supply situation, especially the expectation of an imminent peaking of supply, the frequent and mistaken prediction of shortfalls in supply, our understanding of reserves and resources, and the cyclic nature of success in exploration. I am solely dealing with geological aspects, not taking into account political inferences and supply disruptions. This is followed by an attempt to look into the future of raw materials demand within the framework of the accelerating green energy transition. These conclusions are: