安永（EY）：2025年采矿及金属行业十大业务风险与机遇（英文版）（28页）.pdf

1、How do miners confidently shape opportunities to create new value?Top 10 business risks and opportunities for mining and metals in 20252Top 10 business risks and opportunities for mining and metals in 2025Now is the time for organizations to act,to transform,to shape the future with confidence.An ur

2、gent focus on the energy transition is disrupting the mining and metals sector and permeating this years risks and opportunities radar.The world has realized that the energy transition will not happen without a greater supply of minerals and metals,but the sector faces a trifecta of challenges:achie

3、ving sustainable mining while managing capital discipline and meeting higher stakeholder expectations.Significant transformation of the sector is now critical,requiring innovation,collaboration and agility.Its time to reimagine mining.11098765432 20242025License to operateRising costs and productivi

4、tyClimate changeNew projects Changing business modelsGeopoliticsInnovationEnvironmental stewardshipCapitalUp from 2024Same as 2024Down from 2024New for 2025Resource/reserve depletionLong-term growth requires a new approach to capitalNo one in the sector will be surprised that capital is the number o

5、ne risk this year.Nearly every mining company highlights its ongoing focus on capital discipline in its quarterly earnings calls,and the market rewards those exhibiting strong capital management.But unlocking growth requires a shift in focus.Miners will need to think beyond yield,using excess capita

6、l to invest in future value.The quest for value is also behind more consolidation and portfolio repositioning.Miners are determining what to keep and what to divest,and we are seeing spin-offs of both high-growth assets into separate companies as well as noncore assets.Surging demand highlights stra