Mining’s future hinges on global cooperation: report
Three potential paths to 2050 reveal how political divisions, technological advances, and regulation could impact the industry.
The Systemic and ERM report highlights the importance of global cooperation in shaping the future of the mining industry, which is currently experiencing disruption and fragmentation due to various factors such as supply chain issues, permitting delays, and geopolitical tensions. The report presents three possible scenarios for the mining industry through 2050, each illustrating the potential impact of different approaches to governance, technological innovation, and international collaboration.
The most optimistic scenario, called Flywheel, envisions a globally connected mining industry that leverages technological advances, transparent markets, and stronger governance to meet mineral demand with fewer environmental and social costs. This scenario could result in 18% higher copper demand, 35% lower water consumption, 18% fewer mines, and 25% less deforestation by 2050.
However, achieving these outcomes would require sustained international cooperation and a relatively stable geopolitical environment, which remain uncertain.
Brief written by urgent.news from Mining.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
