Tracking the trends 2024

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Tracking the trends 2024

Navigating global challenges and opportunities in mining and metals

The top 10 trends facing the mining and metals sector

As we enter 2024, the mining and metals industry finds itself at the center of a complex matrix of challenges and opportunities, expectations, and demands. Now is an opportune time for mining and metals companies to embrace emerging technology, drive operational efficiency and navigate global uncertainty while further embedding sustainability and purpose into their business models to thrive in the face of disruption.

In this, the 16th edition of Tracking the trends, a team of professionals from around the world provides insights and examples, as well as practical ideas to help mining and metals companies rise to the challenges that lie ahead, and to capitalize on new opportunities.

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Explore the 2024 trends

Mining companies should work to integrate nature, and environmental, social and governance (ESG) targets into strategies, operations and project valuations.

Putting purpose at the heart of mining and metals: Creating social momentum

Adopting circular principles could help companies generate competitive advantage through lower costs, fewer regulatory constraints, better ESG scores and securing a social license to operate.

Navigating global uncertainty: Building capacity to thrive in the face of disruption

Value chain decarbonization is one of the biggest challenges that the sector faces. Many mining and metals organizations are forming partnerships with downstream companies to develop and accelerate breakthrough cleantech.

Dealmaking for future-focused growth: Rethinking minerals and metals investments

Companies of all types can collaborate to tackle problems, such as decarbonization, that transcend the capability of any one organization.

Working toward net-zero: Building capacity and future-proofing ESG strategies for a credible transition

By taking a fresh look at risk and fortifying their own supply chains, mining and metals companies could help safeguard global raw material supplies, support other important industries, and enable continued societal progress.

Collaborating with governments to rethink regulation: Unlocking critical resources through permitting

In a complex global world, systems thinking could help mining companies see the bigger picture and understand macro-level disruptions such as climate change, while also showing how micro-level changes in companies or operations could contribute to large scale improvements

Going back to grassroots: Nourishing growth through investments in exploration

Bringing together stakeholders across various parts of the mining and metals ecosystem, from governance to educational entities and private bodies, may help to shape a multifaceted solution to talent sourcing and have long-term, sustainable impacts on the workforce.

Addressing workforce challenges through a skills-based approach: Equipping mining and metals companies for the future

When companies can provide both physical and psychological safety, production improvements, successful innovation, and provision of talent could follow.

Unlocking new value in existing assets: Balancing complex priorities and meeting supply demand through operational optimization

Voluntary transparency reporting demonstrates value beyond compliance. This is vital to changing the sometimes negative perceptions of mining and metals companies, particularly with local communities.

Bringing Generative AI into mining and metals: Capitalizing on current and future opportunities

Cloud computing could help mining and metals companies accelerate technological innovation during times of disruption.

Third party delivery models: Gaining agility and competitive advantage through next-gen approaches to outsourcing

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Download the full 2024 report

What lies ahead for the mining industry in 2022? Explore the top 10 trends that will shape the industry in the next 12-18 months.

Download the full 2023 report

Tracking the trends 2024 videos

Get in touch

John Diasselliss

Principal - US Mining Industry Leader

jdiasselliss@deloitte.com

+1 504 343 1053

View full bio

Brad Johnson

Managing Director - US Metals Industry Leader

bradjohnson@deloitte.com

+1 412 874 0099

View full bio

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Tracking the trends 2024

Navigating global challenges and opportunities in mining and metals

The top 10 trends facing the mining and metals sector

Explore the 2024 trends

Mining companies should work to integrate nature, and environmental, social and governance (ESG) targets into strategies, operations and project valuations.

Adopting circular principles could help companies generate competitive advantage through lower costs, fewer regulatory constraints, better ESG scores and securing a social license to operate.

Value chain decarbonization is one of the biggest challenges that the sector faces. Many mining and metals organizations are forming partnerships with downstream companies to develop and accelerate breakthrough cleantech.

Companies of all types can collaborate to tackle problems, such as decarbonization, that transcend the capability of any one organization.

By taking a fresh look at risk and fortifying their own supply chains, mining and metals companies could help safeguard global raw material supplies, support other important industries, and enable continued societal progress.

In a complex global world, systems thinking could help mining companies see the bigger picture and understand macro-level disruptions such as climate change, while also showing how micro-level changes in companies or operations could contribute to large scale improvements

Bringing together stakeholders across various parts of the mining and metals ecosystem, from governance to educational entities and private bodies, may help to shape a multifaceted solution to talent sourcing and have long-term, sustainable impacts on the workforce.

When companies can provide both physical and psychological safety, production improvements, successful innovation, and provision of talent could follow.

Voluntary transparency reporting demonstrates value beyond compliance. This is vital to changing the sometimes negative perceptions of mining and metals companies, particularly with local communities.

Cloud computing could help mining and metals companies accelerate technological innovation during times of disruption.

Download now

What lies ahead for the mining industry in 2022? Explore the top 10 trends that will shape the industry in the next 12-18 months.

Tracking the trends 2024 videos

Get in touch

John Diasselliss

Brad Johnson