McKinsey – Global Materials Perspective, 2024

The Global Materials Perspective 2024 report by McKinsey's Global Energy & Materials Practice expands on the 2023 report on the materials transition, focusing on materials demand in various energy transition scenarios. The report analyzes the availability, affordability, and sustainability of materials critical to the energy transition, with a primary focus on the metals and mining industry. It categorizes materials based on their demand trends driven by the energy transition, such as those trending with global GDP growth, those impacted positively by low-carbon technologies, and those negatively impacted by the phase-out of conventional technologies. The report utilizes McKinsey Metal&MineSpans, a market intelligence solution, to provide detailed information on mining and metals production costs, CO2 emissions, supply and demand for various materials. The Global Energy & Materials Practice of McKinsey offers insights and solutions to create value in the energy, materials, and natural resources supply chains. McKinsey is a global management consulting firm dedicated to driving sustainable growth and positive change across various sectors.