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Global exploration spend soars 35% in 2021

GLOBAL exploration budgets for non-ferrous metals have jumped 35% this year to US$11.2 billion from $8.3 billion in 2020, according to S&P Global Market Intelligence, driven by strong metal prices and improved access to finance.

Paul Harris
Global exploration spend soars 35% in 2021

With metal prices continuing to be strong, S&P expects the aggregate exploration budget to increase between 5% and 15% for 2022. "A faster-than-expected recovery in market conditions and easing of [COVID-19]...

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