KPMG – Global Metals and Mining Outlook, 2024

The global metals and mining industry executives are increasingly confident in their companies' growth prospects, with optimism stemming from the belief that sustainability goals can be met. Decarbonization is seen as a significant business opportunity, with executives aiming to integrate it into their overall corporate strategy. However, challenges such as funding new production processes, skills shortages, and commodity price volatility are prevalent. Executives are focusing on addressing these challenges, with a particular emphasis on managing skills shortages and supply chain issues. The report highlights the volatile nature of output and input prices, with supply chain disruptions and global events such as the war in Ukraine impacting the industry. The report also examines efforts made by companies to reduce carbon emissions and provides insights on how companies are navigating these changes while balancing short-term volatility with long-term objectives. The industry is facing unprecedented challenges but also opportunities for growth and transformation.