Global Materials Perspective 2025 (McKinsey & Company)
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About this report
- McKinsey's outlook on metals, mining and materials markets, built on its MineSpans asset database.p.
- It describes a cyclical downturn in materials revenue while profitability stayed resilient.p.
- It expects strong demand growth led by Asia and by energy-transition materials such as copper, lithium and rare earths.p.
- It discusses new demand from AI data centres and defence, concentrated supply, trade barriers and the investment needed to balance markets.p.
- For mining companies, commodity traders, industrial buyers and investors.p.
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