Reshaping the Mining Landscape: Future Transformations and Global Energy Impact

Reshaping the Mining Landscape: Future Transformations and Global Energy Impact

Our 2024 Mining Report is a comprehensive analysis of the global mining industry and its emerging trends. The Report provides insights into the challenges facing the mining sector such as sustainability, competition and the need to enhance exploration activities. It also examines how the mining industry is adopting new technologies to overcome these critical challenges. Finally, the report discusses on the growing importance of ESG sustainability reporting frameworks like the Global Reporting Initiative (GRI) and the Task Force on Climate-related Financial Disclosures (TCFD) in the industry. 

Key trends discussed in the report include the increasing demand for energy transition metals such as copper, lithium, cobalt, nickel and rare earth metals. These minerals are critical in the production of clean energy technologies such as electric vehicles, wind turbines, solar cells and batteries. 

The report points out that the global usage of renewable energy sources in the mining industry is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 8.4% from 2022-2032 and reaching $3.4 billion by 2032, with the Asia-Pacific dominating with a market share of 39.2%.

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