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McKinsey: trade restrictions key shift in mining sector

Despite diversification efforts, supply concentration increased

Isabeau van Halm
Salt flat of Maricunga at sunrise, Nevado Tres Cruces National Park, Chile. Photo: Alberto Loyo / Shutterstock

Salt flat of Maricunga at sunrise, Nevado Tres Cruces National Park, Chile. Photo: Alberto Loyo / Shutterstock | Credits: Alberto Loyo / Shutterstock

The metals and mining industry had a revenue decline of 6% to around $3 trillion in 2024, McKinsey said in its latest Global Materials Perspective report.  Still, the industry recorded $700 billion...

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