Post London Metal Exchange Week 2023, Wood Mackenzie hosted a briefing on the risks and opportunities for metals and mining amid accelerated energy transition pressures.
‘The current metals super-cycle, which is a major component of the global energy transition, could stall due to a gloomy global macroeconomic environment, geopolitics and a lack of investment in new production facilities,’ according to analysts from Wood Mackenzie.
Speaking at a briefing in London, Nick Pickens, Research Director of Global Mining at the firm, highlighted that US$200bln of new mining projects are required by 2030, as well as more efficient and creative methods of recycling existing scrap metals.