Published by S&P Global Market Intelligence’s Metals and Mining Research team, the report spotlights the upswing in demand growth as driving prices higher across a range of metals in the medium term. While prices may moderate through 2022 as pandemic supply issues ease, building demand — due to factors including the growth of the electric vehicle sector and the energy transition — should set the stage for historically above-average prices through to 2025. The expected increase in demand and strong prices will help drive exploration budgets up to 15% higher in 2022, though they will remain below the $20.5 billion record seen in 2012.   

“While we anticipate that metals prices will slip moderately in 2022 from their current highs, medium-term supply constraints are setting the stage for historically above-average prices through to 2025 – driven mostly by increasing demand for materials used in the accelerating global energy…

Read more…

Share.

Comments are closed.