There will likely be greater market stability in 2023, but several challenges will persist due to the global financial crisis, energy insecurity, and concerns over the environmental impact of mining.
- Jan 11, 2023, 12:00 PM CST
In 2022, the growth of the global metals and minerals industry was hindered by price swings, high production costs, and supply chain disruptions. While the metals and minerals industry experienced growth in 2022, it was also hindered by price swings, high production costs, and ongoing supply chain disruptions. An end-of-year report from Fitch Solutionsthat the mining and metals industry will be more stable in 2023 as these challenges settle. Although the ongoing Russian-Ukraine conflict will likely cause longer-term energy insecurity, which will affect inflation levels worldwide.
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