Tag: Infrastructure

Accounting for 98% of mined iron ore, steel is a foundational material for our modern world, underscoring precisely why is iron production important. The sheer scale of its use is a testament to its critical role, serving as the bedrock for construction, transportation, and industrial sectors globally.

According to the World Steel Association, steel is the most widely used and most recycled metallic material on Earth. This high demand for steel, and consequently iron ore, is primarily caused by accelerating urbanization, massive infrastructure development, and industrial growth in emerging economies.

In 2024, San Miguel Corporation (SMC) reported revenues of ₱1.6 trillion, demonstrating its immense financial power as one of the largest and most diversified conglomerates in the Philippines. Understanding how strong is San Miguel requires examining both its expansive corporate reach and the literal alcohol content of its renowned beer products.

The global energy landscape is undergoing a massive shift, with renewable sources now accounting for a significant portion of power generation. To understand this evolving landscape, it's crucial to grasp the foundational structure and answer the question: what are the key components of the energy system?