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Market Research Report
Product code
1018371
Mining Industry Quarterly Review, Q1 2021 - Tracking Commodity Prices, Production and Projects |
Mining Industry Quarterly Review, Q1 2021 - Tracking Commodity Prices, Production and Projects |
Published: June 30, 2021
GlobalData
Content info: 41 Pages
Delivery time: 1-2 business days
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GlobalData's "Mining Quarterly Review - Q1 2021" report provides a quarterly mining industry update, assessing the latest commodity trends by tracking commodity prices and global and company production for coal, iron ore, gold and copper. Analysis is provided on project momentum, based on projects that commenced operations and advanced in Q1 2021. In addition, the report also provides detailed analysis of development projects in the mining industry, segregated by country, commodity, and company and development capital expenditure for leading miners. The report also analyses impact of coronavirus on the global mining industry, digitization and ESG in mining.
Development of COVID-19 vaccines and improving economic outlook reduced the attractiveness of gold as a safe heaven in Q1 2021. Overall, gold prices averaged US$1,638.6/oz in Q1 2021, down by 4.1% versus the previous quarter. The development project momentum dropped from 1.5% in Q4 2020 to 1.04% in Q1 2021, a fifth consecutive fall, mainly due to COVID-19. Only 28 mineral projects advanced in Q1 2021, down from 40 projects in Q4 2020 and 61 during Q3 2020. Although, the development pace in Australia declined, it still accounted for one fourth of the development. Overall, around 60.7% of the total development was observed in Australia, Peru, Canada and India, collectively.