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Market Research Report
Product code
1030364
Mining Industry Quarterly Review, Q2 2021 - Tracking Commodity Prices, Production and Projects |
Mining Industry Quarterly Review, Q2 2021 - Tracking Commodity Prices, Production and Projects |
Published: September 30, 2021
GlobalData
Content info: 56 Pages
Delivery time: 1-2 business days
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GlobalData's "Mining Industry Quarterly Review, Q2 2021 - Tracking Commodity Prices, Production and Projects" 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. It further includes analyses of the end use sectors such as construction, automotive, electric vehicles, crude steel and coal-fired electricity generation.
The outlook for mineral commodities continues to improve, as the global economy rebounds from the impact of the pandemic with the rollout of COVID-19 vaccines gathering pace. As global industries recovers, record iron ore prices have encouraged exports and simultaneously met-coal miners have also benefited from rising steel production. Iron ore output continued to grow in the second quarter on robust demand from China. Combined output from the top ten iron ore companies increased by 3.3% to 328.2Mt in Q2 2021 vs 317.7Mt in Q2 2020. Overall, in the first half of 2021, weather-related disruptions and a temporary shortage of workers, amid COVID-19 related border restrictions, continued to impact output at BHP and Rio Tinto. In India, a strong recovery was anticipated during early 2021, but the second wave of the pandemic disrupted the country's economy. Therefore, India's coal production, as a result, is now expected to grow slowly, at just 1%, to reach 766.9Mt in 2021. However, the entry of private players in the Indian coal industry will play a key role in boosting domestic supply in the upcoming years. Other countries that are anticipated to bounce back strongly during 2021 include the US (11.3%) and Russia (8.4%).