Challenging year ahead for mineral products producers

Challenging times ahead for mineral producers but the worst has past view the recording of the Spring 2023 market update from the MPA Economic Affairs team.

2022 was a difficult year for those in the minerals sector, as cost pressures weighed on the sales of primary aggregates, asphalt, and ready-mixed concrete, which all suffered declines compared to a year earlier.

In this session, Economist Luke George considers the recent developments in the economy and construction markets, before revisiting the 2022 sales volumes performance of key minerals products and the risks around the current MPA market forecast for 2023-25.