Out of the COVID-crisis Perspectives

DOI: http://dx.doi.org/10.30686/1609-9192-2021-3-79-86
Kondratiev V.B.
Institute of World Economy and International Relations of the Russian Academy of Sciences, Moscow, Russian Federation
Russian Mining Industry №3 / 2021 р. 79-86

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Abstract: It is interesting to have a look at how the previous crisis periods can teach us to predict the outcomes of the COVID-19 pandemic on the mining industry and the prospects for recovery from the COVID crisis. The mining industry is known to be cyclical, which leads to volatility in the prices of raw materials and shares of mining companies, as well as a change in investment patterns. As the COVID-19 crisis affects the medium-term pricing outlook for many commodities and puts pressure on planned investments, mining companies have a unique opportunity and need to rethink their capital expansion strategies. The unprecedented coronavirus pandemic crisis is also forcing companies to consider transforming their supply chains in the future. Improving the efficiency of the end-to-end value chain from production to market can be a major source of value creation in perspectives.

Keywords: COVID-19 crisis, commodity price behavior, investment patterns, value chain transformation

For citation: Kondratiev V.B. Mining Industry: Out of the COVID-crisis Perspectives. Gornaya promyshlennost = Russian Mining Industry. 2021;(3):79–86. (In Russ.) DOI 10.30686/1609-9192-2021-3-79-86.

Article info

Received: 22.03.2021

Revised: 29.03.2021

Accepted: 30.03.2021

Information about the author

Vladimir B. Kondratiev – Doctor of Science (Economics), Professor, Head of Center for Industrial and Investment Research, Institute of World Economy and International Relations of the Russian Academy of Sciences, Moscow, Russian Federation; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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