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安永(EY):2026年采矿及金属行业十大业务风险与机遇(中译版)(34页).pdf

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1、How to recognize opportunity when others see riskTop 10 business risks and opportunities for mining and metals in 20262Top 10 business risks and opportunities for mining and metals in 2026Last years report showed a shift in miners focus from external issues,primarily ESG-related pressures,to longer-

2、term strategic risks,such as capital,reserve and resource depletion,and new projects.We interpreted this move as a reaction to increasing demand,supply gaps,issues around traditional capital and a growing focus on sustainability.198765432 20252026License to operateWorkforceGeopoliticsDigital and inn

3、ovation Changing modelsCapitalRising costs and productivityOperational complexityUp from 2025Same as 2025Down from 2025New for 2026Resources/reserves businessSustainability10As the mining and metals sector enters 2026,organizations are navigating a climate of instability created by factors including

4、 ongoing wars in Europe and the Middle East,the election of Donald Trump to a second term and increased geopolitical tension.This uncertainty is reducing risk appetite,creating a cautious,short-term mindset that prioritizes cost reduction and capital preservation.Miners face a new era of operational

5、 risk,persistent cost pressures and an evolving global landscape just as the urgent need to supply materials for energy transition,defense and new data centers reshapes risks and opportunities in the sector.For those willing to take on the risk,opportunities await.However,companies will need to ensu

6、re their approaches remain both strategic and operationally robust amid uncertainty and the intense focus on cost reduction.Operational complexity is now the top challengeOperational complexity,a key topic of discussion in executive meetings,is now the No.1 risk and opportunity.Declining ore grades,

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根据报告的内容,以下是对全文主要内容的简明扼要概括: 1. **运营复杂性成为主要挑战**:随着矿石品位下降、矿体复杂化和资产老化,可靠产出变得更加困难,运营复杂性成为最大的风险和机遇。 2. **成本上升和生产率压力**:成本上升和生产率压力迫使企业采取紧急行动,通过数字化和创新来降低成本和提高效率。 3. **资本分配转向未来导向**:企业增加资本支出,减少股东回报,转向增长战略,特别是对铜等关键矿物的投资。 4. **资源/储备业务**:资源枯竭和发现不足导致对勘探的重视,以及寻找替代资源的方法。 5. **许可运营**:政府加强监管,要求企业承担社会责任,并提高透明度。 6. **劳动力短缺**:劳动力短缺推高了成本并延误了关键项目,需要新的方法来吸引和留住人才。 7. **地缘政治**:地缘政治风险仍然存在,但贸易动态正在重塑地缘政治影响。 8. **数字和创新**:人工智能成为投资重点,但回报取决于与业务目标的对齐。
机遇与挑战并存?" 数字技术如何助力?" "资源枯竭?矿企如何应对未来?"
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