Mining Metals Scenarios
WEF_Metals and Mining Scenarios
15.1.2010
17:32
Page 1
Mining & Metals Scenarios to 2030
WORLD ECONOMIC FORUM in collaboration with the INTERNATIONAL FINANCE CORPORATION
and
MCKINSEY & COMPANY
WEF_Metals and Mining Scenarios
15.1.2010
17:32
Page 2
Description
Green Trade Alliance
Rebased Globalism
Resource Security
Geo-economic landscape In 2030, the world is divided and countries are defined economically by whether or not they belong to the Green Trade Alliance (GTA), formed in 2016 to promote
“environmental sustainability without compromising competitiveness.” GTA countries, including some industrialised, resource-rich and developing countries, have experienced a period of accelerating innovation and lifestyle changes. While there is strong alignment among GTA countries, non-GTA countries operate independently.
Environmental standards are used as the basis for protectionist measures by GTA countries Limited cross-border flows between GTA and non-GTA countries In 2030, the world is committed to realising the benefits of global interconnection but has become far more complex and multipolar.
Power comes from control of resources as well as possession of capital, with resource-rich countries playing by their own rules. Civil society has gained power, resulting in various local laws that affect global corporations. Economic power is held both by markets where there is strong demand – such as the EU, the
US, China, Brazil and India – and by countries that control strategically important resources
Cross-border flows are extremely open Free market principles hold forth, favouring privatization and financial liberalization
Some states set out to capture more social value from their commodities through in-country processing and manufacturing
In 2030, the era of globalisation is a distant memory as nations prioritise narrow self-interest.
They hoard domestic resources, enter cartels based on regional and ideological alliances and resource blocs, and
15.1.2010
17:32
Page 1
Mining & Metals Scenarios to 2030
WORLD ECONOMIC FORUM in collaboration with the INTERNATIONAL FINANCE CORPORATION
and
MCKINSEY & COMPANY
WEF_Metals and Mining Scenarios
15.1.2010
17:32
Page 2
Description
Green Trade Alliance
Rebased Globalism
Resource Security
Geo-economic landscape In 2030, the world is divided and countries are defined economically by whether or not they belong to the Green Trade Alliance (GTA), formed in 2016 to promote
“environmental sustainability without compromising competitiveness.” GTA countries, including some industrialised, resource-rich and developing countries, have experienced a period of accelerating innovation and lifestyle changes. While there is strong alignment among GTA countries, non-GTA countries operate independently.
Environmental standards are used as the basis for protectionist measures by GTA countries Limited cross-border flows between GTA and non-GTA countries In 2030, the world is committed to realising the benefits of global interconnection but has become far more complex and multipolar.
Power comes from control of resources as well as possession of capital, with resource-rich countries playing by their own rules. Civil society has gained power, resulting in various local laws that affect global corporations. Economic power is held both by markets where there is strong demand – such as the EU, the
US, China, Brazil and India – and by countries that control strategically important resources
Cross-border flows are extremely open Free market principles hold forth, favouring privatization and financial liberalization
Some states set out to capture more social value from their commodities through in-country processing and manufacturing
In 2030, the era of globalisation is a distant memory as nations prioritise narrow self-interest.
They hoard domestic resources, enter cartels based on regional and ideological alliances and resource blocs, and