Global Base Metal Mining Industry

Global Base Metal Mining Industry

  • September 2020 •
  • 190 pages •
  • Report ID: 5960576 •
  • Format: PDF
Global Base Metal Mining Market to Reach 152.4 Million Metric Tons by 2027

Amid the COVID-19 crisis, the global market for Base Metal Mining estimated at 120 Million Metric Tons in the year 2020, is projected to reach a revised size of 152.4 Million Metric Tons by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Copper Mining, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach 28.3 Million Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Nickel Mining segment is readjusted to a revised 3.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at 32.4 Million Metric Tons, While China is Forecast to Grow at 6.4% CAGR

The Base Metal Mining market in the U.S. is estimated at 32.4 Million Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 32 Million Metric Tons by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Lead-Zinc Mining Segment to Record 3.1% CAGR

In the global Lead-Zinc Mining segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 14.4 Million Metric Tons in the year 2020 will reach a projected size of 17.2 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 21.3 Million Metric Tons by the year 2027, while Latin America will expand at a 3.9% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report. The 190-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Antofagasta plc
  • First Quantum Minerals Ltd.
  • Kaiser Aluminum
  • Southern Copper Corporation