Press Release
Press Release
The base metal mining market is experiencing significant growth driven by increasing demand from sectors such as construction, electrical and electronics, and automotive among others. Additionally, the rise in electric vehicle production and other commercial vehicles is contributing to the market expansion. The ongoing industrialisation, particularly the growing demand for copper worldwide, is further bolstering the market growth. The expansion of the electronics and electrical segment is a major catalyst for market advancement, with metals like zinc, copper, aluminum, and lead witnessing increased usage in various electronic applications such as utilities, consumer electronics, and general electronics.
Further, government initiatives promoting mining activities and improvements in mining technologies also play a pivotal role in shaping the market dynamics. According to industry reports, nickel production grew by 23.8% from 2017 to 2021. Aluminium production increased by 10.5%, zinc by 8.0%, and copper by 6.2%, during the same period.
Fig: Production Data for Base Metals, From 2018-2023, In Million Metric Tones
The Asia Pacific holds the major share in the global base metal mining market, due to the rich presence of certain metals, availability of cheap and skilled labour, and growing manufacturing activities in the region. The investment in mining infrastructure, along with affordable labour is a key factor driving the regional market growth.
In July 2023, Brazilian mining company Vale signed agreements to sell a 13% stake in its base metals business, Vale Base Metals, for USD 3.4 billion. The sale aims to increase copper and nickel production to meet growing demand from the electric vehicle market. Pending regulatory approval, the transactions are expected to be completed by the first quarter of 2024, boosting the value of Vale's energy transition metals business to $26 billion.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the base metal mining market are Freeport-McMoRan, Inc., Antofagasta plc, Zijin Mining Group Co., Ltd., Nornickel, and Glencore plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Product |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.