Metals and mining: predictions for 2024

Despite inauspicious beginnings, there is a sense of promise about 2024. We should see the end of a tightening monetary cycle that has undermined demand across metals and mining markets, and improved growth in developed economies that performed poorly in 2023. But margins will stay under pressure and an array of social, political and environmental factors will keep markets on their toes. Expect to see the return of a concerted focus on costs across the sector.   

This should also be a year of progress and clarity for longer-term market drivers. Milestones in low carbon haulage, alternative battery technology and options for steel value chain decarbonisation are all eagerly awaited. It will also be a year of tightening regulation with growing direct costs for emitters, and greater reporting responsibilities for both suppliers and buyers.

Metals and mining: things to look for in 2024 explores our take on the themes that will resonate in 2024, including:

• Economies: signs of hope but we’ll have to wait
• Markets: outlook forcing a focus on costs
• Geopolitics: can we counter the rising temperature?
• Carbon costs: fewer places to hide

Fill in the form at the top of the page for your complimentary copy.