Sustainable development of global mineral resources market in Industry 4.0 context

Abstract

Abstract The article explores the problems of sustainable development of the natural mineral resources market in the context of digital transformation of the industry. Key trends in the development of the global mineral resources market in economic, ecological, energy and digital dimensions have been identified. The features of the world distribution of raw material base of ore and energy mineral resources in terms of their economic assessment have been studied and the countries - market drivers - have been identified. A model for sustainable development of the mineral resources market and a system of criteria for its assessment in the context of Industry 4.0 have been proposed. In particular, the link between the level of digital technologies and the energy trilemma has been analysed. Based on the results of the calculations, the grouping of the leading countries in the mineral resources market by the level of achievement of sustainable development has been carried out and ways to digitize the mining industry have been outlined.