Increased cobalt supply from the DRC and Indonesia will primarily support the growth in 2024.
Russia’s Ozernoe and Prognoz and the US’ Hermosa project will contribute to this global increase.
A GlobalData poll found that gold, lithium, and copper are among the commodities set to see the greatest price increases in 2024.
GlobalData found that for 2021-22, 101 mining companies contributed a total 1.55% decrease in scope 1 and 2 emissions.
Antofagasta was found to be one of the best performers of 2022, reducing its GHG emissions by 38.2%.
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Australia, Brazil, China, India and Russia are the top five countries, together accounting for more than 80% of the total world’s output.
Russia, Ghana and the US will be the key contributors to the growth in global supply in 2023.
China is the largest coal-producing country accounting for about 50% of the world’s total coal production in 2022.
The addition of the Arcadia Lithium project in 2023 is forecast to further boost construction.
Copper production in Chile is expected to be negatively impacted by weather conditions in H1 2023.