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Photo – Global demand for coal reached a record high in 2025 – IEA
Global demand for coal reached a record high in 2025 – IEA

However, it is expected to decline by 2030 amid competition from other energy sources

Photo – Exxon forecasts global gas demand to grow by 20% by 2050
Exxon forecasts global gas demand to grow by 20% by 2050

The company expects electricity demand to grow by 70% over 25 years

Photo – Consumption of steel structures in Ukraine increased by 15% y/y in 2024 – USCC
Consumption of steel structures in Ukraine increased by 15% y/y in 2024 – USCC

Demand for steel structures is expected to grow by another 10-12% this year under favorable economic conditions.

Photo – Demand for iron ore in India could grow by 50% by 2030
Demand for iron ore in India could grow by 50% by 2030

This will take place amid an increase in steel production in the country

Photo – Global mining companies confident in Chinese ore demand
Global mining companies confident in Chinese ore demand

Rio Tinto notes that demand is shifting to higher quality raw materials

Photo – Global coal demand to remain flat until 2025 – IEA
Global coal demand to remain flat until 2025 – IEA

The market driver is strong growth in demand for electricity in key economies