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Inflation to erode margins further in 2022: Wood Mackenzie

Cost inflation will push miners’ profits below pre-pandemic levels by the end of 2022, natural resources-focused consultancy Wood Mackenzie said in a note published late on Monday.

Inflation to erode margins further in 2022: Wood Mackenzie Inflation to erode margins further in 2022: Wood Mackenzie Inflation to erode margins further in 2022: Wood Mackenzie Inflation to erode margins further in 2022: Wood Mackenzie Inflation to erode margins further in 2022: Wood Mackenzie

WoodMac said mine labour costs in particular could increase "due to a combination of lockdowns, sickness and worker movement restrictions that are exacerbated by vaccine mandates".