Sept. 11 — China Geological Survey and China Mining Journal released the Global
Mining Development Report 2026 at the China International Mining Conference. The
report says the energy transition, supply-chain volatility and competition over
international rules are driving a multi-layered shift in mining dominated by
security considerations, a technology-driven overhaul and reconstruction of
governance frameworks. In 2025 global mineral supply–demand structures adjusted
rapidly with clear divergence by commodity: energy minerals — overall demand
slowed, oil in surplus, natural gas production and consumption both rose; bulk
metals — steel supply fell while demand rose, copper and zinc saw simultaneously
supply and demand growth, aluminum experienced declining supply and demand;
strategic new minerals — generally oversupplied, with nickel and lithium
surpluses deepening; precious metals — supply tight overall, platinum and silver
undersupplied, gold roughly balanced.
