Metals & Mining Investment Banking: The Full Guide to Ground Zero for the Energy Transition
Brian DeChesare
APRIL 19, 2023
For example, an iron ore miner is “upstream” since it extracts the raw materials, and the steel producers that turn that ore into steel and distribute it to customers are downstream. Production and Reserves – All mining companies deplete their resources as they extract more from the ground, so they’re constantly racing to replace them.
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