The demand for critical minerals like copper, nickel, rare earths, and lithium is expected to nearly triple by 2030 and quadruple by 2040, according to BDO’s Annual Mining Report 2025, released on February 3.
The report highlights how the rapid energy transition and growing reliance on renewable technologies—such as electric vehicles and solar panels—are driving unprecedented demand for these minerals.
Beyond demand growth, the mining industry is undergoing a technological transformation, with robotics, automation, and AI enhancing safety, improving efficiency, and reducing environmental impact.
Africa is also shifting its focus from fossil fuels to critical minerals, with strategies like the African Green Minerals Strategy and national policies in Zambia and South Africa aimed at capitalizing on this transition.
Despite advancements, the report notes that mining remains one of the most hazardous industries. However, AI-powered monitoring and drone technology are improving safety measures.
Challenges such as illegal mining and workforce shortages persist, prompting companies to invest in talent development, diversity, and strategic workforce planning.
Sustainability is also a key priority, with 31% of industry players emphasizing strong community relations and responsible mining practices.
The sector’s commitment to decarbonization, social investment, and workforce development is seen as essential for long-term success.
“The BDO Annual Mining Report 2025 underscores the transformative journey of the mining industry. By balancing mineral supply with affordability and sustainability, the sector is positioning itself at the crossroads of economic growth and environmental stewardship,” said Matt Crane, BDO UK’s head of natural resources and energy.
