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Metals and mining
Mining & Metals are the backbone of the global economy. Standing at the beginning of most value chains, the Mining & Metals industry is a critical supplier of essential inputs and a global generator of trade and employment. It also has important environmental, fiscal and social effects, and acts as a catalyst for the economic progress of numerous mining-dependent countries in the world.
The Mining & Metals industry comprises the extraction of useful minerals from the ground, including oil and gas, coal, metal ores and non-metallic minerals, and related support activities. It also includes activities lower down the supply chain, such as metal processing, manufacturing of metals and a variety of fabricated metal products, such as cutlery, metal structures, boilers, tanks and ammunition.
The steel sector contributes about 2% of the Indian economy’s total GVA, according to the Indian Brand Equity Foundation (IBEF). The sector employs 500,000 people directly and 2.5mn people indirectly. Indian crude steel production is the ...
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Due to the combination of its rich, unexplored mineral resources and active government measures to enhance the regulatory framework, Ecuador is on track to become the fastest-growing mining destination in Latin America. Growing investor appetite for ...
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The mining and quarrying sector, including oil and natural gas extraction, generated a gross output of CZK 67.3bn in 2017, decreasing by 0.7% y/y in real terms and recording the smallest drop in the period 2013-2017. The gross output of mining and ...
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The mining industry is of strategic importance to the Russian economy, contributing about 12% to the GDP, providing jobs to 1.1mn people and contributing a third to government revenues. Since Russia hosts one of the world’s largest ...
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In 2018, Chile consolidated its positions as the world’s leading copper mine producer, with a 28% share in global output; its second-biggest molybdenum miner, with 22.2%; and its fifth-largest producer of silver, with 5.5%. The country also ...
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Indonesia is a significant player in the global mining industry, being a home to abundant coal and metal ore reserves. The country is the world’s largest producer of nickel and the second largest tin miner, and ranks at leading ...
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According to data from the China Iron and Steel Association (CISA), in the second quarter of 2019, China produced 261.1mn tonnes of crude steel and 317.8mn tonnes of steel products, up by 9.3% y/y and 11.9% y/y, respectively. Data from the ...
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With its huge industry, China is the world’s largest consumer of all kinds of base metals, as well as the largest producer of metal products. The country also ranks as the biggest producer of iron, aluminium, lead and zinc in the world. ...
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Being the world’s second largest economy, China relies heavily on coal to ensure the stable operation of its major industries, such as energy and steel. The increasing energy consumption already made China the world’s largest producer and ...
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The natural resources and the mining sector are essential for China’s sustainable economic growth. Due to surging power consumption and industrial progress, the country already became the world’s largest consumer of materials such as coal ...
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