The $2 trillion mining value chain at a glance
The Boston Consulting Group, in conjunction with the World Economic Forum, released the Mining & Metals in a Sustainable World 2050 report last month.
The report contained a table that neatly summarized the mining and metals value chain which totals nearly $2 trillion a year. For reasons not stated, the table contained in the report omitted silver.
Using data from the Silver Institute for 2014 and after making a few back of the envelope calculations I added the metal to the WEF chart below (with apologies to the authors of the original):
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4 Comments
Kevin Ashley
This is a great table. However, the numbers you added for silver are in billions of dollars whereas all of the other values in the interior of the table are in percent of production. Any chance you can correct this and republish?
MINING.com Editors
Thanks for pointing that out Kevin. There’s a… er… 100% chance I will correct this and republish – Frik
Rod B
Very good table Mr. Els. The silver line looks good, as stated.
MiningWatch Canada
Nicely done! This is a fascinating chart.