With the global energy transition gathering pace, it is imperative that African mining keeps up with the rapidly growing demand for commodities – both to responsibly develop the continent’s economies and to avoid the negative impact of market imbalances.
Speaking at the Investing in African Mining Indaba in Cape Town this week, SRK Consulting managing director Andrew van Zyl said it was clear that key energy technologies were mineral-intensive, and would demand considerably higher production levels of many commodities. While mining countries could reap the benefits of this demand, there were also negative impacts from failing to do so.
“There is likely to be considerable price volatility from rapid changes in demand,” said Van Zyl, “but mineral-producing countries would be shielded to some extent from this.”
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