Publication

Developments in the metals and minerals markets are creating great challenges for industries and governments. Prices have risen sharply over the past decade, with strong fluctuations. In many metal markets supply and demand are highly concentrated, with deposits localized in a handful of countries and production in the hands of just two or three companies. Increasingly frequent state intervention and speculative tendencies produce a situation where market mechanisms often fail to function satisfactorily. This study explores the opportunities and challenges for greater international cooperation by systematically analyzing the raw materials situations, strategies, and instruments of the G20 states.