China's 19th National Party Congress reaffirms our previous expectations for the mining and metals industry of the country for the upcoming years. In line with our core views, SOEs will remain the backbone of the industry, supply-side reforms will deepen with greater capacity cuts, and heightened environmental protection will boost prospects for copper, lithium and cobalt.
Mongolia's strong mining sector growth will remain undeterred by the recent ouster of Prime Minister Jargaltulga Erdenebat, as improving commodity prices and existing projects underpin our positive outlook. Nevertheless, downside risks to production forecasts persist, mostly attributed to the high levels of country risk in Mongolia that could temper new investor appetite.
Asia will be the largest contributor in terms of mining-related carbon emissions, prompting significant regulatory and investment efforts aimed at tackling those emissions moving forward. Developed markets in the Americas and Europe will benefit from a larger proportion of renewables in their energy mix and more advanced technology that will make regulatory changes easier to incorporate, while...
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