Rising to the recycling challenge
The report drills down into the impact recovery, reprocessing and reuse of metals is having on the industry. With an understanding of these trends, you can target your investments, business models and innovation where they will be most effective.
Manufacturers taking the lead
In the consumer goods, retail and automotive sectors, manufacturers have been taking a lead in circular innovation. But in mining and metals, new opportunities to drive value from changing market demand remain largely untapped.
Mining and metals companies at risk
Manufacturers, from Caterpillar to Maersk, are getting better at recovering their investment in natural resources in closed-loop cycles. But if all the innovation is happening downstream, incumbents risk losing market share.
Changing patterns of demand
In the coming years, mining and metals companies could increasingly face the triple impact of population decline, increased circularity and post-industrial economic models that will further reduce demand for many traditional metals.
New threats, new opportunities
The transition to a low-carbon economy will see more demand for new base and precious metals, including cobalt, lithium and REEs, silver, nickel, lead and zinc. But with finite reserves, opportunities for circular innovation will be snapped up by first-movers.
Innovation in action
While the challenge for mining and metals companies is to work out where best to focus, a small cohort of mining and metals companies is taking a lead. These visionaries, including Rio Tinto, ArcelorMittal, Codelco and Novelis, are acting on the market shifts and developing new circular business models to support their customers and respond as requirements change.