1、IMining&metals 2021:Forces of transition and influencers of changeThe mining&metals industry is critical to the success of the worlds transition towards net zero,both in reducing its own carbon footprint and providing the materials that will deliver a cleaner and more sustainable future IIWhite&Case

2、ContentsIntroductionPage 1Taking ESG seriously:The crucial role of mininginvestors in theenergy transitionPage 2Evolving trade and competition regulation in the push for green metalsPage 6Chinas pursuit of mining&metals industrytransitionPage 10A new wave of resource nationalism in the mining&metals

3、 industryPage 14ESG credentials driving value for miners on USexchangesPage 20Examining the ABC risks as the mining&metals sector gains criticalmomentumPage 22Africas PGMs are on therisePage 26Attorney AdvertisingThe mining&metals sector is enjoying renewed global macro-economic prominence,with the

4、minerals and metals it producesand,increasingly,recyclesbeing critical tothesuccess of the worlds energy transition toward alow-carbon future.The resilience of the sector and of commodity prices throughout the COVID-19 pandemic,coupled with growing investor and consumer excitement about energy trans

5、ition materials,has lured generalist investors toward the sector for the first time in years,turning the tide on the ESG concerns and lackluster returns that had previously worked against generalist investor sentiment.The ESG agenda has undoubtedly been a major driver of change in recent times,and t

6、he expectations bar is continuously being raised by investors,governments,communities,consumers and other stakeholders.There is tremendous opportunity for industry players to embed an ESG and low-carbon culturecapturing both risks and opportunitiesinto their corporate strategies in order to build st