Global Base Metal Mining Market Report and Forecast 2023-2028

Global Base Metal Mining Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global base metal mining market is projected to grow at a CAGR of 4.1% between 2023 and 2028 to reach a value of USD 697 billion by 2028. Aided by the increasing demand for these metals in various industrial applications and their significant role in the global economy, the market is expected to grow significantly by 2028.

Base metals, comprising non-ferrous metals like copper, nickel, aluminium, zinc, lead, and tin, are essential to the global economy. They are extensively used in various industrial applications due to their properties like electrical and thermal conductivity, malleability, and resistance to corrosion. These metals are fundamental in the construction, electronics, transportation, and consumer goods industries, making them critical components of the modern world.

The increasing global demand for sustainable energy solutions and advanced technologies is one of the primary factors driving the global base metal mining market growth. With the growing awareness of environmental sustainability and the worldwide push towards greener energy sources, there is a significant uptrend in the demand for base metals used in renewable energy systems, electric vehicles, and advanced electronics.

The expanding applications of base metals in various industries play a significant role in the boosting of the base metal mining market demand. In the construction sector, for instance, base metals such as copper and aluminium are heavily relied upon due to their durability and resistance to corrosion, which are essential for building infrastructures that are both safe and long-lasting.

The electronics sector is another significant consumer of base metals, particularly copper and tin, which are used in wiring and soldering respectively due to their excellent electrical conductivity. With the continuous growth and innovation in electronics and technology, this demand is expected to persist.

Moreover, the automotive sector, in its turn towards electrification, is increasingly dependent on base metals like nickel and lithium for battery production. As the world continues to transition toward electric vehicles, this demand is only poised to increase.

Geographically, Asia Pacific accounts for a significant portion of the global base metal mining market share, driven by the extensive industrialisation in countries like China, India, and Southeast Asian nations. Latin America, with its rich reserves of copper, nickel, and other base metals, especially in countries like Chile and Peru, is also a significant player in the global market.

Market Segmentation

The market can be divided based on product, application, and region.

Market Breakup by Product
  • Aluminium
  • Copper
  • Lead
  • Nickel
  • Zinc
  • Others
Market Breakup by Application
  • Construction
  • Automotive
  • Electrical and Electronics
  • Consumer Products
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global base metal mining market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Freeport-McMoRan, Inc.
  • Antofagasta plc
  • Zijin Mining Group Co., Ltd.
  • Nornickel
  • Glencore plc
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Base Metal Mining Market Analysis
8.1 Key Industry Highlights
8.2 Global Base Metal Mining Historical Market (2018-2022)
8.3 Global Base Metal Mining Market Forecast (2023-2028)
8.4 Global Base Metal Mining Market by Product
8.4.1 Aluminium
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Copper
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Lead
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Nickel
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Zinc
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Base Metal Mining Market by Application
8.5.1 Construction
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Automotive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Electrical and Electronics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Consumer Products
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Base Metal Mining Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Base Metal Mining Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Base Metal Mining Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Base Metal Mining Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Base Metal Mining Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Base Metal Mining Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Freeport-McMoRan, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Antofagasta plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Zijin Mining Group Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nornickel
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Glencore plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Base Metal Mining Market: Key Industry Highlights, 2018 and 2028
2. Global Base Metal Mining Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Base Metal Mining Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Base Metal Mining Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Base Metal Mining Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Base Metal Mining Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Base Metal Mining Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Base Metal Mining Market Structure

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