INTERNATIONAL CHAMBER OF MINES OF ARMENIA
INTERNATIONAL CHAMBER OF MINES OF ARMENIA
The global mining and metals industry has played a pivotal role throughout history, and today it continues to be a crucial component in driving the global revolution towards a more sustainable future. Mining is the essential first step in the value chain, as metals serve as building blocks for reaching net-zero carbon emissions and enabling the transition to renewable energy sources.
Critical metals and their importance
Critical metals, such as copper and lithium, are indispensable in various industries, particularly in the energy and technology sectors. «Global refined copper demand is projected to almost double from just over 25 MMt in 2021 to nearly 49 MMt in 2035, with energy transition technologies accounting for about half of the growth in demand.» - include here a proper reference to S&P piblication.
Critical metals and their importance
Critical metals, such as copper and lithium, are indispensable in various industries, particularly in the energy and technology sectors. «Global refined copper demand is projected to almost double from just over 25 MMt in 2021 to nearly 49 MMt in 2035, with energy transition technologies accounting for about half of the growth in demand.» - include here a proper reference to S&P piblication.
Green transition and net-zero carbon emissions:
The mining and metals industry serves as the foundation for achieving net-zero carbon emissions. The energy transition requires a massive increase in the production of critical metals to meet the growing demand for renewable energy technologies. – insert lithium forecast.
Green transition and net-zero carbon emissions
The mining and metals industry serves as the foundation for achieving net-zero carbon emissions. The energy transition requires a massive increase in the production of critical metals to meet the growing demand for renewable energy technologies. – insert lithium forecast.
Downstream demands for sustainability and responsibility
Downstream businesses and consumers are increasingly demanding sustainable and responsibly sourced materials. The mining industry must adapt to changing downstream preferences, incorporating sustainable practices and responsible supply chain management. Stakeholders expect transparency, ethical sourcing, reduced environmental impact, and social responsibility. Organizations like Moody's emphasize the importance of sustainable mining practices to maintain market competitiveness.
Downstream demands for sustainability and responsibility
Downstream businesses and consumers are increasingly demanding sustainable and responsibly sourced materials. The mining industry must adapt to changing downstream preferences, incorporating sustainable practices and responsible supply chain management. Stakeholders expect transparency, ethical sourcing, reduced environmental impact, and social responsibility. Organizations like Moody's emphasize the importance of sustainable mining practices to maintain market competitiveness.
The fragmenting of globalization and resurgence of resource nationalism
As the demand for critical metals rises, geopolitical risks associated with their extraction and supply become increasingly important. The concentration of these metals in specific regions and potential disruptions in supply chains pose challenges for industries reliant on these materials. Companies need to assess and mitigate geopolitical risks to ensure a stable supply of critical metals for global businesses.
The fragmenting of globalization and resurgence of resource nationalism
As the demand for critical metals rises, geopolitical risks associated with their extraction and supply become increasingly important. The concentration of these metals in specific regions and potential disruptions in supply chains pose challenges for industries reliant on these materials. Companies need to assess and mitigate geopolitical risks to ensure a stable supply of critical metals for global businesses.
