Market Research Report
Mining Quarterly Review, Q3 2021 - Tracking Commodity Prices, Production and Projects
|Mining Quarterly Review, Q3 2021 - Tracking Commodity Prices, Production and Projects|
Published: December 14, 2021
Content info: 56 Pages
Delivery time: 1-2 business days
GlobalData's "Mining Quarterly Review - Q3 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 Q3 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.
Commodity production either grew at a lower rate or declined year-on-year for several major commodities in Q3 2021. For example, the combined output from the top ten iron ore producers increased by just 1.6% to 349.9Mt in Q3 2021 vs 344.4Mt in Q3 2020. The marginal growth was due to sluggish demand from China's steel mills as the country began to cut steel production as part of its emission reduction plans. Copper production, from the top 10 companies declined by a collective 1.3% y-o-y in Q3 2021. Significant declines were observed at Glencore (-14.2%), BHP (-8.9%) and Codelco (-7.2%). Gold production, from the top 10 gold producers fell by 5.8% y-o-y in the third quarter of 2021 to a little over 6.7moz, primarily owing to lower ore grades, maintenance and planned shutdowns. Meanwhile coal production for the ten leading producers dropped by 4.4% y-o-y in Q3 2021.