The metals and mining industry is facing unprecedented volatility. BCG helps clients throughout the industry’s value chain excel amid a fast-changing landscape.
Recent trends in the mining and metals industry have put new pressures on companies to rethink their approaches to mining strategy and transform their industrial metal operations.
Rising demand for electric vehicles has increased demand for battery metals and lowered demand for specialty long steel; trade protections have stiffened; and pressure to meet environmental sustainability targets has mounted, forcing executives to grapple with new complexities. At the same time, while new digital technologies have enabled metals and mining industry players to achieve impressive gains in operational efficiency and effectiveness, they have also presented fresh challenges.
BCG’s metals and mining consulting experts help clients grasp the complex forces reshaping the industry and craft the right strategies and operating models to meet new imperatives.
BCG’s global teams of experts specialize in both the mining industry and metals industry (including steel, aluminum, copper, and other base metals). We partner closely with clients to help them engineer the strategic and operational shifts needed to stay competitive. We also help clients manage large-scale change and build the in-house capabilities that are essential for sustaining success.
BCG’s ability to combine expertise in operations transformation with knowledge of digital and analytics technologies is unique in the metals and mining consulting industry. This skill has earned us accolades and long-term partnerships across all commodities and diverse geographies.
Our proprietary solutions and advanced analytics tools enable clients to achieve unprecedented efficiency and effectiveness in every aspect of their businesses, including operations, strategy, and logistics.
BCG solutions include the following.
Due to shortages of critical materials and vulnerable supply chains, production of lithium-ion batteries could fall far short of demand. Coordinated action is needed to boost supply in a sustainable way and keep the transition to renewable energy on course.
Understanding the challenges can help other players in the circular economy.
By helping steelmakers curb their greenhouse gas emissions, iron ore miners can advance their own decarbonization efforts.
Mining, oil and gas, and chemical manufacturing companies haven’t yet started to exploit AI, but they can close the gap by applying lessons from other industries.
Yet we also see a window of opportunity for those that move quickly to implement fundamental process changes and begin the transition to carbon neutrality.
By gaining deeper insights into the status and efficacy of their climate initiatives, companies can accelerate efforts across the value chain.
Due to shortages of critical materials and vulnerable supply chains, production of lithium-ion batteries could fall far short of demand. Coordinated action is needed to boost supply in a sustainable way and keep the transition to renewable energy on course.
Understanding the challenges can help other players in the circular economy.
By helping steelmakers curb their greenhouse gas emissions, iron ore miners can advance their own decarbonization efforts.
Mining, oil and gas, and chemical manufacturing companies haven’t yet started to exploit AI, but they can close the gap by applying lessons from other industries.
Yet we also see a window of opportunity for those that move quickly to implement fundamental process changes and begin the transition to carbon neutrality.
By gaining deeper insights into the status and efficacy of their climate initiatives, companies can accelerate efforts across the value chain.
