Boliden AB SWOT and PESTLE Analysis

Strength

1. Industry leader in terms of sustainable metal production: Boliden explores, extracts, and processes both base metals and precious metals. For more than 9 decades now the company has been cornering the mining industry. Its production is mainly backed by experience, innovation, and modern technology, developed in collaboration with Nordic technology and engineering companies. From deposits to recycling used metals, Boliden is one of the largest sustainable metal producers. Considering the effect its operations have on the environment the company aims at utilizing resources as efficiently as possible and limit environmental impact at every level. To accomplish this goal the company invests in modern technology and develops stable, eco-friendly methods for the entire work process. The functioning of modern society is highly dependent on metals, Boliden aims at serving this need. Boliden relishes a leading position in sustainable mining, metal production, and metals recycling. extensive experience and the development of the best available technology present the company with a competitive advantage over its peers.

2. Leading producer of base metals: The building blocks of modern society: From automobiles to major structures to even mobile telephones, literally, everything in modern society is built on metals. Precisely, Base metals such as copper and zinc are fundamental building blocks of society. Boliden is one of the world's largest producers of zinc and the leader in Europe when it comes to the production of copper and nickel. The company is one of the leading global operators in the recycling of electronics and lead from batteries. Boliden's zinc is mainly utilized in the large-scale protection of steel structures against corrosion in a process known as galvanizing, while the bulk of its copper is purchased by wire rod and copper rod manufacturers. The company is also a leading lead producer that is used by battery manufacturers. Boliden's metals are majorly sold to industrial consumers and not sold directly to private consumers. Construction, electronics, and automotive industries constitute major end-users of Boliden's base metals.

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Weakness

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Opportunity

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Threat

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Political

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Economic

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Social

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Technological

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Legal

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Environmental

1. Circular Economy shaping mining industry: Instead of an extract-use-dispose industrial model, a circular economy helps to create circular systems that utilize resources to their fullest by recycling and reusing materials at the end of each service life. Such a circular approach has the potential to reduce environmental degradation and ensures coming generations have all the useful resources. Additionally, the circular economy presents companies with enormous business opportunities. The circular economy depicts a USD 4.5 trillion opportunity for global economic growth by 2030 according to a report by the World Business Council for Sustainable Development. Boliden's business model of efficiently extracting and refining the base metals and precious metals essential to society and recycling them after use forms an important part of the circular economy. Boliden enjoys a market-leading position in the field of electronics recycling and is a prominent player in the European lead recycling sector.

2. Sustainable metal production for the development of future societies: The modern energy systems have moved away from fossil fuels plus the transport and industrial sectors are moving towards electrification. Thus, society’s dependency on fossil fuels is reducing while increasing its dependency on base metals. All future societies with low climate impact will be built using more copper, zinc, nickel, and other base metals than today. In the light of increasing dependency, it is naturally very important that the production of these metals takes place as responsibly as possible. Thus, Boliden renders metals for the evolution of modern societies and is one of the leaders in the industry in terms of taking responsibility for safety, environment, and climate work as well as reclamation of mining areas. Boliden's leading position as a sustainable metal producer and its comprehensive metals portfolio helps it adapt itself to climate change that has begun in Europe. Moreover, Climate change was identified as one of Boliden’s significant topics in 2019, which led to the overall goal of a 40% reduction in carbon dioxide intensity by 2030.

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