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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 metal-processing sector takes a small share in the national economy. With an approximate 2% contribution to the aggregate GVA and 12% to domestic manufacturing, the sector has plenty of room for future growth. India is 100% self-sufficient in ...
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According to data from China Iron and Steel Association (CISA), in the third quarter of 2019, China produced 255.7mn tonnes of crude steel and 322.4mn tonnes of steel products, representing y/y increases of 3% and 11.1%, respectively. Figures from ...
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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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Russia’s commoditised economic model predefines the pivotal role the mining sector plays in the country’s development. The sector generates 12.6% of Russia’s nominal GDP and earns 62% of total exports, which makes ...
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Crude steel production recorded a major q/q decline of 37.2% in Q1 FY2021 as compared to a decline of 1.2% in the previous quarter. The production of steelmaker Rashtriya Ispat Nigam Ltd declined the most, by 53.5% q/q ...
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In 2019, Chile consolidated its position as the world’s leading copper mine producer, with a 28% share in global output; the second biggest molybdenum miner, with 19.8%; and the seventh largest producer of silver, with 5.1%. The ...
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Mining in Africa has a long history stretching back over a century, and minerals play a vital role in economies across the continent. Mining and quarrying* (including oil and gas) constitutes over 10% of GDP in over 15 African economies, ...
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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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