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The mining industry needs to boost capex by US$81 billion annually to 2030 just to meet the expected increased demand for metals used in the energy transition if decarbonisation and climate targets are to be met, BofA Global Research has warned.
Miners need to invest - BofA
Global mining capex averaged around US$99.5 billion a year in the past decade but included investments in sectors such as iron coal and coal, according to BofA.
Supply issues from Peru, Chile felt
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