Mining and Metals in a Sustainable World 2050

ID: 1384755

A World Economic Forum Study, Prepared With The Boston Consulting Group, Provides the Mining and Metals Industry With Guidance on How to Cope With the Transformation Toward a More Sustainable World

(firmenpresse) - DALIAN, CHINA -- (Marketwired) -- 09/10/15 -- A new report, , has been launched today as part of the World Economic Forum''s Industry Agenda publication.

Few industries are more fundamental to global social and economic development than mining and metals. Important in itself, representing more than $2 trillion in revenue, it also connects to the value chains of most other economic and industrial activities. The industry will face major challenges in the years to come. The future of our planet -- and of its finite, irreplaceable resources -- will be at the top of all serious agendas from now to 2050. A way has to be found to live within the earth''s environmental means while coping with continued increases in both per capita consumption and population. As a result, regulation is increasing, and customer sentiments are changing. While it remains essential for companies to focus on short-term issues in today''s environment of low commodity prices, long-term success in a sustainable world requires developing a long-term perspective today.

The report, prepared in collaboration with The Boston Consulting Group (BCG), provides a holistic view of the changes to come for players in this industry -- as well as those in sectors that are affected by mining and metals -- and the new expectations they will have to face. It identifies key questions: How can the industry embrace the transformations to come? What business models and strategic priorities will enable success? What actions do mining and metals companies need to take now to better prepare themselves to be industry leaders in 30 years'' time?

Mining and Metals in a Sustainable World 2050 provides a framework that describes six key themes of transition for mining and metals companies to think about, from the industry''s resource base to end-consumer demand. The report provides guidelines to forge a path from today to 2050, identifying the gaps that will have to be bridged and the potential disruptions that may have to be handled.

A deep dive was conducted into the theme of circularity and the recycling of resources. Three scenarios of the future, each outlining a different road to 2050, were applied to identify different actions. The report''s key findings across different scenarios include the following:

A strong move toward recycling and circularity is likely, but it will not happen without action in terms of infrastructure, regulation, and competitive cost economics.

Mining will not disappear, but volumes are unlikely to grow in line with GDP growth.

Metals will not disappear. Companies will increasingly act as the link between commodity producers and user industries, and some will provide recycled materials.

Technology will matter more than ever. Mining companies should focus on improving waste treatment; metal companies should work on enhancing low-grade processing capabilities.

Understanding value chains and consumer preferences will become increasingly important.

The report provides an overview of the action steps that the industry and stakeholders will have to pursue. "In a time of transition, mining and metals players will have to challenge their business models and adjust them where required. Only a sound understanding of the changes to come and their potential impact will ensure long-term success in an inherently long-term business," said Roland Haslehner, a BCG partner and managing director.

A copy of the report can be downloaded via .

To arrange an interview with one of the authors, please contact Jenelle Tortorella at +1 617 850 3927 or .

The Boston Consulting Group (BCG) is a global management consulting firm and the world''s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 82 offices in 46 countries. For more information, please visit .

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