The changing face of the global mining industry according to PWC

The global mining industry is changing minerals that drove mining activity and profits are slowly being eclipsed by the emergence of a new class of resources, PWC reports. The pursuit of net zero emissions has altered the global mining industry which is increasingly leaning towards the production of minerals used in renewable energy and away from the production of fossil fuels. According to PWC Fossil fuels still contribute substantially to global mining companies despite critical minerals taking center-stage. Global mining activity despite the threat of global warming is not slowing down. It is to the contrary on the rise as the world looks for ways of reducing carbon emissions. At the turn of the millennium the global mining industry was driven by mass urbanization of emerging market economies like China, Brazil, India and Russia this projected to slow down or lose ground to the pursuit of renewable energy sources. PWC's Mine 2022 reports that the global mining industry looks nothing like what it was 12 months ago. Mass urbanization is not the key driver of activity in this space. The key driver now is the race to reach net zero and the role of the global mining industry in aiding