Insight
Metals and Mining Thought Leadership: How might demand growth and carbon reshape markets?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The energy transition is transforming demand for metals and mined commodities. Expanded supply - including new sources and new technologies - will come at a cost, fundamentally altering the economics of supply. Carbon pricing will also inevitably grow in influence, adding further uncertainty to industry cost structures. How should we think about the impact on cost curves - and therefore prices - in a much larger, carbon adverse future market?
Table of contents
- What does history tell us?
- Carbon regimes are adding to the uncertainty around future costs
Tables and charts
This report includes the following images and tables:
-
Australian metallurgical coal cost curve comparison - 2000 and 2023 (C1 cash, real 2023 terms)Lithium cost curve comparison - 2000 and 2023 (C1 cash, real 2023 terms)Carbon price impact on 90th centile C1 cash costs (2025 costs, Scope 1 and 2, 2050 carbon pricing)
What's included
This report contains:
Other reports you may be interested in
Insight
Jiangxi's lithium squeeze: falling grades, lapsing permits, and looming smelting waste bill
On-the-ground findings from China's lepidolite hub covering mineral supply, recycling, African feedstock, demand and GFEX delivery mechanics
$1,050
Insight
2026 Metals and Mining at half time: more fragile than it looks, more resilient than it feels
2026 Metals and mining at half time: more fragile than it looks, more resilient than it feels. Our mid-year review unpacks what comes next.
$1,050
Insight
China’s 15th Five-Year Energy Plan and Action Plan for Carbon Peaking: implications for the natural gas sector
Our interpretation of the policies and their directional impacts on China's gas demand growth
$950
