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.

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.

The global mining and metals industry plays a vital role in the sustainable revolution, providing the necessary materials for the energy transition and decarbonization efforts. Critical metals, including copper and lithium, are indispensable in renewable energy technologies and EV production.

As downstream demands shift towards sustainability and responsibility, the industry must adapt and incorporate sustainable practices throughout the value chain. Geopolitical risks and supply chain security further highlight the importance of strategic planning and risk management. By meeting the growing demand for critical metals while embracing sustainability, the mining industry can contribute to a greener future for generations to come.

The global mining and metals industry plays a vital role in the sustainable revolution, providing the necessary materials for the energy transition and decarbonization efforts. Critical metals, including copper and lithium, are indispensable in renewable energy technologies and EV production.

As downstream demands shift towards sustainability and responsibility, the industry must adapt and incorporate sustainable practices throughout the value chain. Geopolitical risks and supply chain security further highlight the importance of strategic planning and risk management. By meeting the growing demand for critical metals while embracing sustainability, the mining industry can contribute to a greener future for generations to come.

error: Content is protected !!