Exclusive: Climate change

Challenges and opportunities of metallic mineral industry under the vision of carbon neutrality

  • MA Jingyu ,
  • CHENG Dongbo
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  • Safety and Environment Division, China Minmetals Corporation, Beijing 100010, China

Received date: 2021-04-30

  Revised date: 2021-09-27

  Online published: 2021-11-08

Abstract

The vision of carbon neutrality has become a consensus of international political bodies and economies. As one of the most important industries that have the responsibility to reach Chinese national goal of carbon peak and carbon neutrality, the metallic mineral industry is facing not only challenges but also opportunities. This article analyzes a series of challenges and opportunities from several aspects. It is believed that the production costs will increase in the process towards carbon neutrality and the industry has to overcome difficulties such as immature low-carbon technology and complex carbon emission mechanism. On the other hand, with the low-carbon economy developing, the metallic mineral industry will also embrace substantial opportunities:large-scale production will be promoted, demands for metals and minerals will grow, price of the product will be kept in a high level, more approaches will be available to obtain capital, and so on. Thus, carbon assets are expected to become a new growing point for metallic mineral enterprises. It is suggested that the metallic mineral enterprises should strengthen carbon emission control by using information technologies, and support R&D of low-carbon, zero-carbon and negative carbon technologies. At last, the metallic mineral industry and enterprises should build circular economy industrial chain to strengthen the circle and integration inside and outside the industrial chain.

Cite this article

MA Jingyu , CHENG Dongbo . Challenges and opportunities of metallic mineral industry under the vision of carbon neutrality[J]. Science & Technology Review, 2021 , 39(19) : 48 -55 . DOI: 10.3981/j.issn.1000-7857.2021.19.006

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