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Energy, Metals Investments To Boom In 2023

Oil Price · Tsvetana Paraskova · last updated

 

This year, investment in supply across oil and gas, power generation and renewables, and metals and mining is expected to rise by 5% annually to hit $1.3 trillion.

The share of fossil fuel investments could rise in the next few years as governments look to boost energy security after the Russian invasion of Ukraine.

WoodMac: Mining investment is set to rise by 3% year over year to $149 billion, with copper leading growth.

 

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