TOP 10
New World Commodities
74
Urbanisation and rising demand for infrastructure have been key drivers of demand for Old World commodities . More recently , technological disruption and the ongoing transformation of downstream sectors within an increasingly ‘ green ’ economy have forced a change in commodity demand . The EV revolution has boosted demand for critical minerals such as cobalt , lithium and copper . Allied to this , a further shift towards recycling is likely to impact iron ore demand as steel firms increase their use of electric arc furnaces , ramping the demand for scrap steel . EY advises that mining companies which are likely to prosper will be those who collaborate with many sectors and capture value across the chain . Portfolio optimisation is critical - miners need to understand the synergies within their organisations to enable investment , divestment and rationalisation . Adopting a level of flexibility in your business model is key to remaining agile to change while considering all future growth assets .
FEBRUARY 2019