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S&P Global Market Intelligence's pipeline activity index indicates a 5% to 10%
increase in mineral exploration budgets in 2022.
The increase was not as significant as in previous years, as most metal prices are expected to weaken modestly from current levels, which weighs on
the outlook.
From 2023 to 2025, the budget is expected to fall
slightly as the economic recovery from the Covid-19 pandemic weakens and global growth returns to a more modest pace.
The pipeline activity index leveled off in the second quarter as gains from important drilling results and positive project milestones were offset by reductions in significant financing, while the number of initial resource announcements was unchanged
.
S&P Global Market Intelligence's pipeline activity index indicates a 5% to 10%
increase in mineral exploration budgets in 2022.
The increase was not as significant as in previous years, as most metal prices are expected to weaken modestly from current levels, which weighs on
the outlook.
From 2023 to 2025, the budget is expected to fall
slightly as the economic recovery from the Covid-19 pandemic weakens and global growth returns to a more modest pace.
The pipeline activity index leveled off in the second quarter as gains from important drilling results and positive project milestones were offset by reductions in significant financing, while the number of initial resource announcements was unchanged
.
