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BlackRock sees “a huge value opportunity” in mining industry for green transition

Evy Hambro, global head of thematic and sector investing at BlackRock Inc, has said in a recent interview, that the mining sector is undervalued with potential for a significant boom.

“Our view from speaking to our clients and investors at large is that the opportunity within this space has been massively overlooked. If you’re focused on sustainability, if you’re focused on the energy transition, don’t overlook this area. There’s a huge value opportunity”

— Evy Hambro, global head of thematic and sector investing at BlackRock

Evy Hambro was critical of the mining industry’s overspend in the previous boom and warns again against such overspending, but also warns that the green transition will be threatened without bigger investment in the sector.

“If people don’t give this sector a chance, then the energy transition is going to be impeded by the scarcity of materials to build everything required. This energy transition is starting to expose some weaknesses in that kind of complacent attitude”

— Evy Hambro, global head of thematic and sector investing at BlackRock

In their recent mining report, BlackRock remained bullish on mining.

Copper market balance forecast 2021 2030 - The Oregon Group - Investment Insights

“The energy transition appears to be happening faster than expected with EV car sales beating estimates, deployment of renewable infrastructure accelerating and corporate decarbonisation spending becoming mainstream. Supply of materials remains constrained and growth projects seem to be taking longer and costing more”

— BlackRock, Condensed Half Yearly Financial Report 30 June 2023

Our analysis on how a lot more copper is needed to expand global electricity grid:

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The Oregon Group

The Oregon Group is an investment research team focused on critical minerals, mining, energy and geopolitics.

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