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    Home > Chemicals Industry > International Chemical > The recovery of the global metals industry will continue into 2022

    The recovery of the global metals industry will continue into 2022

    • Last Update: 2023-01-03
    • Source: Internet
    • Author: User
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    A recent report by S&P Global Market Intelligence states that the metals industry will continue to bounce back
    from the impact of the Covid-19 pandemic in 2022.

    According to the document, pent-up consumer spending, government stimulus measures and an accelerated energy transition will continue to drive demand, prices and exploration budgets
    .

    According to S&P's metals and mining research team, rising demand growth will push up prices for a range of metals over the medium term
    .

    "While prices are likely to slow in 2022 as pandemic supply issues ease, growing demand will set the stage
    for above-historical prices until 2025 due to factors such as the growth of the EV industry and the energy transition.
    "

    For specific commodities, Standard & Poor's forecasts that iron ore price volatility will increase
    in 2022 due to a combination of potential market tensions, potential supply disruptions and project delays, global supply chain issues, and power constraints.

    Global copper demand from solar and wind power generation will reach 852,000 tonnes by 2022, while the growing market for electric vehicles will account for 1.
    1 million tonnes
    in 2022.

    On the exploration side, the expected increase in demand and strong prices are expected to help drive a 15% increase in the 2022 budget, but will remain below the record
    of $20.
    5 billion set in 2012.

    "In the first nine months of 2021, junior and mid-tier companies raised a total of $14.
    8 billion, up from $12.
    1 billion
    raised in all of 2020.
    "

    "If this trend continues into the first months of 2022, we expect total global exploration budgets in 2022 to be 5%-15% higher than 2021 levels, with gold and commodities critical
    to energy transition efforts.
    "

    A recent report by S&P Global Market Intelligence states that the metals industry will continue to bounce back
    from the impact of the Covid-19 pandemic in 2022.

    According to the document, pent-up consumer spending, government stimulus measures and an accelerated energy transition will continue to drive demand, prices and exploration budgets
    .

    According to S&P's metals and mining research team, rising demand growth will push up prices for a range of metals over the medium term
    .

    "While prices are likely to slow in 2022 as pandemic supply issues ease, growing demand will set the stage
    for above-historical prices until 2025 due to factors such as the growth of the EV industry and the energy transition.
    "

    For specific commodities, Standard & Poor's forecasts that iron ore price volatility will increase
    in 2022 due to a combination of potential market tensions, potential supply disruptions and project delays, global supply chain issues, and power constraints.

    Global copper demand from solar and wind power generation will reach 852,000 tonnes by 2022, while the growing market for electric vehicles will account for 1.
    1 million tonnes
    in 2022.

    On the exploration side, the expected increase in demand and strong prices are expected to help drive a 15% increase in the 2022 budget, but will remain below the record
    of $20.
    5 billion set in 2012.

    "In the first nine months of 2021, junior and mid-tier companies raised a total of $14.
    8 billion, up from $12.
    1 billion
    raised in all of 2020.
    "

    "If this trend continues into the first months of 2022, we expect total global exploration budgets in 2022 to be 5%-15% higher than 2021 levels, with gold and commodities critical
    to energy transition efforts.
    "

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