Miners Tighten Belts Despite Transition Hype ...Middle East

OILPRICE - Economy
Miners Tighten Belts Despite Transition Hype
source : OILPRICE ( Middle East ) () 55
Demand forecasts for certain metals and minerals dubbed critical are so upbeat that one would expect the companies involved in the extraction of these minerals would be pouring billions in expansion. But they are not. In fact, miners have reduced investments in the past two years. The Financial Times reported, citing data from S&P Capital IQ, that spending in the mining sector has fallen for two years in a row, in 2023 and 2024, reaching $12.5 billion last year, which was down by 6% on the prior year. Interestingly, investment in lithium and…

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