News about McKinsey

McKinsey's Global Materials Perspective 2026 says mining industry EBITDA margins reached 27% in 2025 even though revenue grew only about 1%, with gold and copper driving most of the gain. Gold prices rose 45%, and gold overtook steel and thermal coal in the industry's profit pool for the first time. Industry EBITDA passed US$800 billion, and McKinsey estimates about US$4.2 trillion of investment may be needed by 2035. The article highlights Mexico, the world's largest silver producer, which sent US$11.58 billion of mining and metal exports to the United States in 2025.