Last Update: July 2024
Strenghts
  • Increasing demand for metals, especially those critical to renewable energy technologies and electric vehicles, which could quadruple by 2040 compared to 2020 in a Net-Zero scenario
  • Despite volatility, many metals still have higher prices than their historical averages, boosting profitability for the sector
  • Government focus on critical materials could increase support for the sector
  • Firms' strong liquidity positions

     

 

Weaknesses
  • High exposure to geopolitical tensions and conflicts
  • Fragmented supply chain at risk of disruptions
  • Mining companies are facing increasing pressure related to ESG (water use, biodiversity, social impacts etc.)
  • High capital intensity
  • Extensive mine lead times