Moreover, mining alone is insufficient because further processing is even more concentrated in favor of the People's Republic. While the industry heavily depends on political decisions, S&P Global sees another home-grown problem: insufficient funding. Exploration, i.e., the search for raw material deposits, would suffer from this.
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→ WhatsApp: +86 18221755073The $4 trillion metals and mining industry is largely composed of just five materials: steel (including iron ore and metallurgical coal), thermal coal, copper, gold, and aluminum. Of these, thermal coal and steel account for approximately 60 to 70 percent of revenues, with production volumes more than 30 times higher than all other materials ...
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