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The mining industry after the boom

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  • David Humphreys

    (Dundee University)

Abstract

The commodity boom of 2004–2012 transformed the fortunes of the mining industry. It also catalysed some important changes in the industry, changes which are likely to have long-lasting effects. These changes include a decisive shift in the customer base of the industry towards emerging economies, particularly those in Asia; a move away from contract pricing towards spot pricing resulting in increased volatility in mineral prices; a growing role in the global industry for emerging economy mining companies; increased operating and capital cost pressures resulting from depletion and tightening environmental standards; and continuing pressures on the resource sector from nationalism and protectionism. These issues collectively represent a challenging backdrop for the establishment of regulatory frameworks for the industry which satisfy the needs of investors while at the same time providing fair and sustainable benefits for mineral host countries.

Suggested Citation

  • David Humphreys, 2019. "The mining industry after the boom," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 32(2), pages 145-151, July.
    • Handle: RePEc:spr:minecn:v:32:y:2019:i:2:d:10.1007_s13563-018-0155-x
    DOI: 10.1007/s13563-018-0155-x
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    References listed on IDEAS

    as
    1. Humphreys, David, 2013. "New mercantilism: A perspective on how politics is shaping world metal supply," Resources Policy, Elsevier, vol. 38(3), pages 341-349.
    2. David Humphreys, 2015. "The Remaking of the Mining Industry," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-44201-7, October.
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    Cited by:

    1. Marc Schmid, 2021. "The Revised German Raw Materials Strategy in the Light of Global Political and Market Developments," Review of Policy Research, Policy Studies Organization, vol. 38(1), pages 49-75, January.
    2. Vianna, Andre C. & Mollick, Andre V., 2021. "Threshold effects of terms of trade on Latin American growth," Economic Systems, Elsevier, vol. 45(4).
    3. Rodrigo Barraza & Juan M. Sepúlveda & Ivan Derpich, 2022. "Location of the Intermediate Echelon to Add Purchase Value and Sustainability Criteria in a Mining Supply Network," Sustainability, MDPI, vol. 14(19), pages 1-14, October.
    4. Janet Xuanli Liao & Weibo Zhang, 2024. "The governance models vs. the development courses of the mining sector: cases of Indonesia and the Philippines," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 37(2), pages 279-295, June.
    5. Mugebe, P. & Kizil, M.S. & Yahyaei, M. & Low, R., 2023. "Foundation of a framework for evaluating the impact of mining technological innovation on a company's market value," Resources Policy, Elsevier, vol. 85(PA).

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