In 2017, the global mining industry had significantly more spring in its step. Many commodity prices rebounded, sending an encouraging signal that the downturn of the last few years was finally in our rear-view mirror. While not uniformly felt across the industry, 2017 was a far more optimistic year as many companies shifted gears and looked towards growth.
Looking forward, the Canadian mining industry’s economic prospects are strong over the long term. Demand for mining products is projected to increase as the middle classes of the world’s most populous countries continue to emerge. Another significant growth opportunity is the global transition to a low carbon future, which will serve to increase the demand for minerals and metals as the building blocks of clean technologies.
For more details on the topics discussed here, and on other aspects of MAC’s work, we encourage you to read the Annual Report in full.