The world of raw materials 2050

In 2050, the circular economy has become the norm in the big advanced economies, a new generation of political leaders has pushed forward a series of reforms that focus on increasing sustainability, not only in the raw materials industry. Almost every product is produced in an environmentally friendly way with the aid of green technologies. Decision makers are under pressure to meet public demands for more environmentally friendly solutions and policies.

In 2050, the world of raw materials has experienced steady growth, mainly due to ever-growing consumption. International cooperation and dialogue have created new opportunities to produce and trade raw materials. Access to capital has led to industry integration, technology development and productivity improvements alike.

In 2050, the world of raw materials stagnated as social and demographic pressures triggered a long period of economic standstill, which eventually lead to a rise of protectionist measures. The absence of leadership and insufficient political engagement will not help to improve the situation. Each country fights for its own agenda. There is little progress in mining practices as reforms have stalled and private investments are low.