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2023 in data: the trends that shaped the mining sector
An assessment of trends in the mining sector during 2023 reveals an industry grappling with rising supply costs and changing demand as the world shifts away from coal and towards renewable energies. Inflation is driving up the prices of core products and services, in particular fuel and power, as well as maintenance and explosives. Meanwhile, metals used in batteries are a growing market and the net-zero energy transition is bringing with it new technologies and sustainability expectations. According to GlobalData analytics, there were a total of 511 asset transactions in the mining sector between 1 January 2023 and ... (full story)