[MEDIA] By 2025, miners need to spend US$80 billion annually on...

By 2025, miners need to spend US$80 billion annually on extracting cyclical metals to meet demand and contain shortages, compared to expectations of around US$45 billion this year among the world’s top 10 miners, BofA analysts said last month.

Capital spending on projects and mines peaked in 2012 and has not recovered, BofA said.



Commodity analyst CRU Group projects miners need to commit over US$100 billion on new projects to avoid a supply gap of 5 million tonnes by 2030.

Looking further out, Wood Mackenzie sees a shortfall of around 16 million tonnes by 2040 if substantial investments are not made.

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These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.