Mining Industry Analysis by Commodity Prices, Production Volumes, Projects and Capex, Regulatory Changes and Technology Advancements, Q2 2023
All the vital news, analysis, and commentary curated by our industry experts.
During the second quarter of 2023, the commodities market experienced significant fluctuations. In April, concerns over China’s construction data impacted iron ore and coking coal prices, while gold increased to a 52-week high due to banking sector worries. May 2023 saw declines in thermal coal, iron ore, and coking coal prices, attributed to lower power demand and China’s subdued construction sector. Base metal prices also dropped due to reduced industrial demand. In June, the thermal coal price continued to decline, while iron ore began a recovery. The threat of sustained high-interest rates caused a dip in the gold price despite reaching a three-year high earlier.
The mining industry research report provides a quarterly mining industry update, assessing the latest commodity trends by tracking commodity prices and global and company production for coal, iron ore, gold, and copper. Based on projects that advanced this recent quarter, analysis is provided on project momentum.
In addition, the report also provides a detailed analysis of development projects in the mining industry, segregated by country, commodity, and company and development capital expenditure for leading miners. The report also analyses the impact of coronavirus on the global mining industry, digitization, and ESG in mining. It further includes analyses of the end-use sectors such as construction, automotive, electric vehicles, crude steel, and coal-fired electricity generation.
· Iron Ore
|· Rio Tinto
· Anglo American
· Coal India Limited
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Mining Market Drivers
The key industries driving the demand in the mining market are construction, EVs, crude steel production, and coal-fired power generation. The construction industry growth is expected to remain sluggish in 2023; including China. The gloomy outlook reflects the weak economic backdrop, and additional challenges specific to the global construction industry, notably high construction material costs and labor shortages. However, in 2023, coal-fired power generation in China is expected to grow by 2027 backed by the new capacity additions. Meanwhile, coal-fired power generation in India is also forecast to increase significantly.
Mining Market Segmentation by Commodities
The key commodities in the mining market are gold, silver, platinum, iron ore, copper, nickel, lead, zinc, tin, and aluminum among others. After decreasing in 2022, global iron ore production is expected to recover in 2023. In addition, global copper mine production is expected to increase in 2023, with output from the DRC, Peru, and Chile crucial to this increase. Collective production from these countries is expected to expand to more than 10Mt in 2023. In the DRC, the output will increase due to higher production at the Kamoa-Kakula copper complex and Mutanda mine.
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Mining Market – Competitive Landscape
Rio Tinto emerged as the highest spender in 2023.
Some of the leading miners in the mining industry are:
- Rio Tinto
- Anglo American
- Coal India Limited
The largest spend of Rio Tinto is expected at Simandou. The company also expects to invest in 2024 and 2025 depending upon opportunities.
Mining Market Analysis by Miners, 2023 (%)
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Segment Covered in the Report
Mining Market Commodities Outlook
- Iron Ore
- Analyse mineral commodity trends at a global level.
- Track ESG and technology developments in the mining industry.
- Company production highlights for the recent quarter.
- Analyse project developments in the mining industry.
- Compare the number of development projects in the mining industry by country, commodity, and company
- Track the latest mining industry developments
- Geographies covered include – Asia-Pacific, Americas, Europe, Middle East and Africa, Oceania, and the Former Soviet Union.
- Track construction output growth.
- Analyse automotive and electric vehicle sectors.
- Track coal-fired electricity and crude steel production highlights.
Reasons to Buy
- A comprehensive evaluation of all development projects by commodity, country, and company
- Assess trends in project momentum
- Analyse forecasted production trends for core commodities
- Understand the latest trends with capex guidance for leading miners
- Track the latest company developments
- Comprehensive evaluation of the impact of coronavirus on the global mining industry
- To understand ESG-related developments in the mining industry
- To understand end-use sectors such as construction, automotive, electric vehicles, crude steel, and coal-fired electricity generation
China National Coal Group
Table of Contents
Development Projects Update
Technology in Mining
ESG in Mining
Frequently asked questions
What are the key commodities in the mining market?
The key commodities in the mining market are gold, silver, platinum, iron ore, copper, nickel, lead, zinc, tin, and aluminum.
What are the key industries driving the demand in the mining market?
The key industries driving the demand in the mining market are construction, EVs, crude steel production, and coal-fired power generation.
Who are the leading miners in the mining market?
Some of the leading miners in the mining market are Rio Tinto, BHP, Anglo-American, Glencore, Codelco, and Coal India Limited among others.
Which company emerged as the highest spender in the mining market in 2023?
Rio Tinto emerged as the highest spender in 2023.
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