COVID-19 and the Global Mining Industry

Document Type

Article

Publication Date

7-1-2020

Publication Title

SEG Discovery

Issue

122

First page number:

33

Last page number:

41

Abstract

The world is currently experiencing a rapid and deep economic slowdown as a result of COVID-19 mitigation efforts. The depth and global nature of this recession, which could turn into a depression, suggests that this pandemic will significantly affect the demand for metals and the global mining sector. The majority of governments consider mining to be essential, meaning that the effect of mitigation on the mining industry and on metal production has been minimal to date. However, increases in metal stocks and decreases in metal prices suggest that the mining industry will be negatively affected by the COVID-19 crisis, at least in the short term.

Disciplines

Earth Sciences | Geology

Language

English


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