IIR Webinar: Geopolitics, Resource Nationalism, ESG Initiatives Affect Mining Spending

July 20, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--In this week's webinar on the outlook for the global mining sector, Industrial Info's industry experts discussed the trends, drivers and headwinds facing the industry. In recent years, the mining sector has been affected by such things as resource nationalism, government stimulus and the energy transition. Also driving spending are environmental, social and governance (ESG)-related projects, which account for about $28 billion worth of mining projects. Industrial Info is tracking about $258 billion worth of mining projects presently under construction throughout the world, with another $281.2 billion worth of projects planned to kick off through 2024, although not all of these will proceed as planned. In the webinar, Joe Govreau, Industrial Info's vice president of research for the Metals & Minerals Industry, discussed what will drive this future spending.