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Mining Quarterly Review - Q4 2023 and Full Year

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  • 73 Pages
  • March 2024
  • Region: Global
  • GlobalData
  • ID: 5971314
The analyst's "Mining Quarterly Review - Q4 2023 and Full Year" provides a comprehensive coverage on the global mining industry. It provides commodity trends inlcuding commodity prices, production, capital expenditure of leading miners, development projects momentum, development projects by commodity, country, company and stage. The report also includes a demand drivers section providing information on factors that are affecting the global mining industry. It further provides updates on regulatory, technology-related, and ESG-related, developments in mining.

Iron ore prices rose by 13% over Q4 2023, helped by expectations of further stimulus measures from China to support its troubled property sector. However, they have since fallen due to weak demand from Chinese steel producers, with steel production in China dropping by 6.9% year-on-year in January 2024, with this also impacting the coking coal market.

Coal India, China Shenhua Energy, and China National Coal Group all saw significant production increases in Q4 2023, driven by rising power demand in India and improved productivity in Glencore's South African operations.

After 0.91% growth in Q3 2023, the development projects momentum declined by 0.6% in Q4 2023. Some 16 projects advanced during this quarter, of which around 11 were in Australia, Mexico, Canada and the US, combined.

After 4.4% growth in total spending to $64.7B in 2023, the 20 leading miners are expected to increase their capital expenditure by nearly 11% to over $71.4B in 2024. Largest spend is expected at Rio Tinto and BHP, with each expected to spend $10B in 2024. BHP expects capital expenditure of around $10B for each of FY2024 and FY2025, of which the majority will be spent on improvements and growth, such as Jansen Stage 1 project, Copper South Australia projects, and growth in the Pilbara.


  • The report contains an overview of the key commodities in the mining industry including coal, copper, iron ore, gold, nickel, lead, zinc, uranium and lithium. It provides detailed information on prices, production by country, production by company, development projects update, capital expenditure, demand drivers, technology, ESG and regulatory updates in mining.

Reasons to Buy

  • To gain an understanding of the quarterly changes in the global mining industry, relevant driving factors
  • To understand historical and forecast trends on key commodities
  • To identify key players in the global mining industry
  • To identify major development projects momentum by region
  • To identify the trend in capital expenditure spent by leading miners
  • To understand the factors influencing demand drivers of key commodities

Table of Contents

  • Overview
  • Commodity Trends
  • Development Projects Update
  • Capital Expenditure
  • Demand Drivers
  • Technology in Mining
  • ESG in Mining
  • Regulatory Updates
  • Appendix
  • Contact the Publisher