Mining, Minerals and Metals Market Research Reports, Analysis & Trends
The mining, minerals and metals industry is expected to witness significant reforms in the near future. The collective revenue of the top 40 global mining companies was valued at about USD 665 billion in the year 2020. This can be attributed primarily to the increasing demand for the products such as steel from infrastructure and transportation sectors, and rising government initiatives for rural electrification across the globe. As per the World Steel Organization, 1,880,445 tons of crude steel was produced globally in 2020. Mining, minerals and metals market trends that the world is witnessing now include transition to low-carbon premium minerals, and largescale adoption of novel financing Read More...The mining, minerals and metals industry is expected to witness significant reforms in the near future. The collective revenue of the top 40 global mining companies was valued at about USD 665 billion in the year 2020. This can be attributed primarily to the increasing demand for the products such as steel from infrastructure and transportation sectors, and rising government initiatives for rural electrification across the globe. As per the World Steel Organization, 1,880,445 tons of crude steel was produced globally in 2020. Mining, minerals and metals market trends that the world is witnessing now include transition to low-carbon premium minerals, and largescale adoption of novel financing and production models. Along with these, technological breakthroughs in areas such as block caving, in-situ learning and bio mining are also projected to augment the sales in the industry in the upcoming years. The latest metals and mining industry analysis also depicts huge amounts of investments being ushered by companies to deploy big data analytics for collecting and processing large volumes of mining data. However, obtaining a license to operate from local communities has been a significant challenge for the industry for a long time now. With increasing implementation of new mining projects offering employment opportunities at the local level, market players are working extensively towards eliminating communal opposition. Investors globally are also focusing on the search of high-grade ore deposits, and asteroid and deep-sea mining, which are also assessed to be crucial factors expanding the mining, minerals and metals market size in the years to come. Furthermore, amidst growing demand to curb negative climate impacts, mining companies are now becoming serious to meet their environmental, social, and governance (ESG) commitments. ESG inflows rose up to more than USD 45 billion globally in the first quarter of 2020 alone. Since the last few years, the involvement of firms in exploring techniques to identify and mitigate risk for executing their decarbonization agendas is also observing a major upsurge. In addition, the world is observing increased mining industry participation in associations such as Japan Climate Leaders’ Partnership, Australian Climate Leaders Coalition and European Corporate Leaders Groups. However, key challenges remain market volatility, resource scarcity and shortage of technically skilled labor.
Kenneth Research’s mining market research reports offers comprehensive analysis on fast emerging trends mining, minerals and metals industry segments. We are proficient in finding and collecting vital insights as per the industry needs. Our wide collection of syndicated mining minerals and metals market reports cover all the prominent geographical areas such as North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. We also have expertise in assessing the growth drivers, challenges, opportunities and key players associated with a given market topic. Our intensive insights on crucial subject areas are aimed at helping our clients make more informed decisions about their businesses.
