A new report titled Shaping the Future of Minerals estimates that $5.4tr in capital investment will be required to sustain and expand mining and processing facilities worldwide. This figure underscores the scale of commitment required to meet global demand and achieve sustainable development within the industry.
The report’s findings and proposed strategies will be at the forefront of discussions during the Future Minerals Forum, scheduled to take place from 14 to 16 January 2025 at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia. This event will bring together global stakeholders to shape the future of the mineral sector and chart a course for sustainable, inclusive growth.
At the heart of the report is a call for reimagined partnerships aimed at unlocking funding and ensuring the equitable distribution of benefits to host countries and their communities. By fostering collaboration and shared responsibility, the report envisions a future where mineral resources are harnessed for collective progress.
Emerging markets are poised to play a pivotal role in this transformation. Asia-Pacific, India, Latin America and Sub-Saharan Africa are expected to account for more than 40% of the total capital investment. This shift highlights the evolving dynamics of global capital flows, as resources increasingly funnel into areas with untapped potential and growing demand.
Gulf Economist Staff Writer