Currently viewing Global edition

Exploration spend jumps 35% to US$11.2 billion

The global exploration budget for non-ferrous metals has jumped 35% this year to US$11.2 billion from $8.3 billion in 2020 according to S&P Global Market Intelligence, driven by strong metal prices and improved access to finance.

Exploration spend jumps 35% to US$11.2 billion Exploration spend jumps 35% to US$11.2 billion Exploration spend jumps 35% to US$11.2 billion Exploration spend jumps 35% to US$11.2 billion Exploration spend jumps 35% to US$11.2 billion

Exploration rebounds strongly in 2021

With metal prices continuing to be strong S&P Global expects the aggregate exploration budget to increase between 5% and 15% for 2022.