NEW DELHI: In a turn of events for India’s economic landscape, China’s sustained stimulus efforts and the industrial recovery in developed nations are set to catalyse a surge in global mining demand throughout 2024.
As projected by Fitch Ratings, the neutral sector outlook is buoyed by significant government spending programs in India, Europe, and the United States, primarily directed towards supporting energy transition initiatives and infrastructure development, both reliant on a steady supply of metals.
Fitch Ratings anticipates a notable uptick in the demand for base metals in 2024, with a specific focus on copper, considered pivotal in the ongoing energy transition.
