World Economic Forum's Mining & Metals Scenarios to 2030 | Summary and Q&A

TL;DR
The environment for the global mining and metal sector in 2030 will be shaped by factors such as population growth, industrialization, urbanization, geopolitical landscape, economic outlook, and environmental sustainability.
Key Insights
- 🤘 Population growth, industrialization, and urbanization are predictable drivers that will shape the mining and metal sector in 2030.
- ✊ The geoeconomic and geopolitical landscape will influence the concentration of power and the openness of markets in the sector.
- 🌐 The economic outlook will determine the volatility of the sector, with implications for global GDP growth.
- 🧑🏭 The response to climate change will be a significant factor in shaping the environmental outlook for the sector.
- 🇬🇱 The Green Trade Alliance scenario highlights the potential for a shift towards environmental sustainability while maintaining competitiveness.
- ✊ Rebased Globalism reflects a more complex world with power shifts, resource security concerns, and the resurgence of nationalism.
Transcript
how will the environment for the global Mining and metal sector look in 2030 the scenarios you're about to see emerge from a year of workshops and interviews with over 200 lers from the private sector government Academia and international and non-governmental organizations participants began by identifying the key drivers that would Chas the sector... Read More
Questions & Answers
Q: What are the key drivers that will shape the mining and metal sector in 2030?
The key drivers that will shape the sector in 2030 include population growth, industrialization, urbanization, geoeconomic landscape, geopolitical landscape, economic outlook, and environmental sustainability. These factors will determine the operating environment and future challenges and opportunities for the sector.
Q: What is the Green Trade Alliance scenario?
The Green Trade Alliance scenario envisions a slow economic recovery and persistent unemployment leading to the adoption of a new green growth strategy by EU leaders. This alliance imposes protectionist measures based on environmental standards, shifting trade patterns and reversing globalization. The scenario highlights the importance of environmental sustainability without compromising competitiveness.
Q: How does Rebased Globalism scenario differ from traditional globalization?
The Rebased Globalism scenario reflects a more complex and multi-polar world. Economic power is no longer solely held by strong demand markets but also by countries with control over strategically important resources. Local communities become more sophisticated in harnessing technology and play a role in shaping resource policies. Global collaboration becomes cumbersome, and nationalism and protectionist barriers resurface.
Q: What are the implications of these scenarios for the mining and metal sector?
These scenarios highlight potential futures for the sector and provide stakeholders with opportunities and challenges. Addressing environmental sustainability, resource security, and global collaboration will be crucial. It is essential to consider strategies that promote the sustainability of the sector and ensure robust decision-making in an ever-changing environment.
Summary & Key Takeaways
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The content explores four key drivers that will shape the operating environment of the mining and metal sector in 2030: geoeconomic landscape, geopolitical landscape, economic outlook, and environmental outlook.
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Different scenarios are presented based on these drivers, including the Green Trade Alliance and Rebased Globalism, which both depict contrasting futures for the sector.
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These scenarios highlight the importance of addressing environmental sustainability, resource security, and global collaboration in shaping the future of the mining and metal sector.
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