2026年全球矿业年度报告：关键矿产、可持续性与创新——行业转折点

Contents Executive summaryExecutive summary0202Global mining industry overviewGlobal mining industry overview0303Change in the global mix of commoditiesChange in the global mix of commodities0505Maximising on global critical minerals endowmentMaximising on global critical minerals endowment0909African mining industry overviewAfrican mining industry overview1313BDO in AfricaBDO in Africa1717Embracing sustainability in the way to Net ZeroEmbracing sustainability in the way to Net Zero1818 2025 has been an interesting year across the mining industrylandscape. Global mining is at an inflection point in whichdemand for critical minerals underpinning the low-carbontransition, defence spend, transport electrification andlarge-scale data centres is accelerating. With this drive we areseeing increasing supply expansion, price volatility and scaledgovernment intervention, in particular by the US Government. Commodity mix changes:In 2025, critical mineral pricesdiverged driven by uneven supply responses, regulatoryintervention and end-market demand resilience. Export controls,production curtailments and logistics normalisation tightenedpreviously oversupplied markets such as cobalt. Meanwhilerapid capacity expansion and softer macroeconomic conditions In this years’ report we have collaborated with a forward-thinkingconsultancy in AI, Sapient Insight, who have provided some As the mining industry continues to take centre stage globallywith governments racing to secure supply of critical metalsand a continuing gold price rally, 2026 will be certain to bean interesting year ahead. Our Natural Resources team arepassionate in helping shape the future of the industry and Community engagement:As mining increasingly affectslocal communities and indigenous lands, effective communityengagement has become critical for project viability. Leadingmining companies are expanding governance, health, educationand livelihood initiatives as a result. However, despite the Our Annual Mining report offers a comprehensive overviewof the last 12 months which has seen many challenges butabove all, has highlighted the global importance of mining. Matt CraneAudit Partner UK Head of Natural Resources and Energy Regional focus:Africa is seeking to reposition itself froma raw-materials supplier to a higher-added-value mining hubthrough export controls, local processing mandates and strategicpartnerships. This ambition is somewhat constrained by decliningexploration investment as well as regional challenges including Technological transformation:AI is widely seenas a driver of innovation across the mining lifecycle, butvalue remains concentrated in a limited set of high-impactuse cases. Productivity gains depend on disciplined executionand integration into core operations. Data readiness, In 2025, miningcompanies have improvedtheir community well- Recycled minerals havea potential to generatearound 80% fewer In 2025, demand forcritical minerals reflectedgovernments’ push forstrategic autonomy amid In 2025, the African GreenMinerals Strategy wasadopted to reverse Africa’sdeclining share in global Coal demand is projectedto peak in 2025 anddecline by roughly 20%by 2035 under current In 2025, amid heighteneduncertainty, gold’ssafe-haven appealstrengthened, driving Decarbonisation and technological advancesreshape priorities in the global mining industry Global mining is at an inflection point in whichcoal consumption volumes are plateauing, whiledemand for critical minerals underpinning thelow-carbon transition, transport electrification In 2024, total coal consumption rose by 1.2% YoY to a record6,089 Mtce. The rise was driven by emerging markets whiledemand in advanced economies continued to decline. The IEA’sCurrent Policy2(CPS) and Stated Policy3(STEPS) scenarios showglobal coal demand is set to peak before 2030. STEPS indicates If governments maintain their policy commitments coal demandshould be 20% lower than in 2024 by 2035. However, consideringthat the final COP304agreement includes no reference to a fossil- The significant increase in battery metal production Critical minerals exploration slowdown Despite robust demand expectations, investment in critical mineralsexploration lost momentum in 2024. It reached an estimated$2.5bn globally, increasing by 5% YoY compared with 14% in 2023.Exploration activity levelled off, with higher spending on lithiumandcopper being offset by reductions in nickel, cobalt and zinc. Global demand for critical minerals rose significantly in 2024,led by a near-30% increase in lithium and 6–8% in other batterymetals. The sector demonstrated an ability to expand productionmore rapidly than traditional metals. In 2025, continued strong Global mining industry overview Decarbonisation and technological advancesreshape priorities in the global mining industry Sherif AndrawesBDO Australia Partner, Deal Advisory The global mining industry stands at the centre of a world thatis more dependent on