Base Metal Mining Market Report 2025 (Global Edition)

Global Base Metal Mining Market Report 2025 Market Size Split by Type (Copper, Nickel, Iron, Zinc, Tin, Lead, Others), by Application (Industrial Machinery, Construction, Electronics and Electrical, C...

Base Metal Mining Market Report Description

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Base Metal Mining Market Insights Video

Competitive Landscape of the Base Metal Mining Market

Due to the large number of firms operating globally, the industry is fragmented. The main tactics the market players use are acquisitions, mergers, and partnerships.

Base Metal Mining Industry News

February 2022, Develop bought the Woodlawn underground mine and processing facilities, which were built at a cost of almost $243.8 million. The agreement comprised an upfront consideration of $10.7 million (A$15 million) in cash and $10.7 million (A$15 million) in Develop shares for Heron's creditors.

Source-www.mining-technology.com/news/develop-herons-zinc-australia/?cf-view

In April 2023, Glencore inaugurated its long-awaited Nickel West mine in Western Australia, which is projected to be one of the world's largest nickel sulfide mines.

Source-www.glencore.com/what-we-do/metals-and-minerals/nickel

Top Companies Market Share in Base Metal Mining Industry: (In no particular order of Rank)

• Cliffs Natural Resources Inc.
• Vale SA
• Nevsun Resources Ltd.
• Glencore International
• United States Steel Corp.
• Royal Nickel Corporation
• Southern Copper Corp.
• MMC Norilsk Nickel
• Independence Group NL
• BHP Billiton Plc
• First Quantum Minerals Ltd.
• Hudbay Minerals Inc.
• Lundin Mining Corp.
• Bosai Minerals Group
• Anglo American Plc
• Rio Tinto Group
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North America Base Metal Mining market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue. The main factors driving mining activities in North America are new mining policies and the increasing demand for hybrid vehicles that use double the amount of copper compared to internal combustion engine vehicles. Central and South America (CSA) is expected to witness significant development in the basic metal used. The availability of credit financing, cheap interest rates, and economic stability all contribute to the expansion of CSA's automobile industry.

Europe is the fastest-growing category as the growing desire for sustainability and the reduction of carbon emissions, which has spurred investment in the development of green buildings and EVS, is expected to raise the demand for base metal in the region.

The current report Scope analyzes Base Metal Mining Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Base Metal Mining Market Analysis

According to Cognitive Market Research, the global base metal mining market size was estimated at USD 555.2 Billion, out of which North America held the major market of more than 40% of the global revenue with market size of USD 222.08 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030 due to increased demand for base metals in the construction and infrastructure sectors, particularly in the United States and Canada. Furthermore, the base metal mining industry is likely driven by ease of supply, the resuscitation of the North American economy, and technological advancements. According to Cognitive Market Research, copper is the most significant basic metal in North America, comprising about one-third of the entire market value. Copper is utilized in a range of applications. In conclusion, the North American Base Metal Mining market is thriving because the demand for base metals has surged in the construction and infrastructure industries.

• According to Cognitive Market Research, the US had a major share in the base metal mining market, with a market size of USD 175.22 billion in 2023, and it is projected to grow at a CAGR of 2.3% during the forecast period. 
• The Canada base metal mining market had a market share of USD 26.65 billion in 2023 and is projected to grow at a CAGR of 3.3% during the forecast period. 
• The Mexico base metal mining market is projected to grow at a CAGR of 3.0% during the forecast period, with a market size of USD 20.21 billion in 2023.

Europe Base Metal Mining Market Analysis

According to Cognitive Market Research, with a market value of USD 555.2 billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 2.8% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 166.56 billion Europe is expected to have moderate demand for base metals during the next few years due to increase in the electronics industry, where it is used as a corrosion-free material. According to Cognitive Market Research, copper is a significant segment. The European copper mining market is the world's second-largest after China. A few significant businesses dominate the market, including Aurubis, Boliden, and KGHM Polska Miedz. In conclusion, the European Base Metal Mining market is thriving due to growth in the electronics industry.

• According to Cognitive Market Research, the German base metal mining market size was valued at USD 32.98 billion in 2023 and is projected to grow at a CAGR of 3.0% during the forecast period. 
• The United Kingdom base metal mining market had a market share of USD 27.98 billion in 2023 and is projected to grow at a CAGR of 3.6% during the forecast period. 
• The France base metal mining market is projected to grow at a CAGR of 2.0% during the forecast period, with a market size of USD 15.32 billion in 2023.
• The Italian base metal mining market is projected to grow at a CAGR of 2.2% during the forecast period, with a market size of USD 14.32 billion in 2023.
• The Russian base metal mining market is projected to grow at a CAGR of 1.8% during the forecast period, with a market size of USD 25.82 billion in 2023.
• The Spanish base metal mining market is projected to grow at a CAGR of 1.9% during the forecast period, with a market size of USD 13.66 billion in 2023.
• The Portuguese base metal mining market is projected to grow at a CAGR of 2.6% during the forecast period, with a market size of USD 3.50 billion in 2023.
• The Luxembourg base metal mining market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 5.16 billion in 2023.
• The Greece base metal mining market is projected to grow at a CAGR of 3.1% during the forecast period, with a market size of USD 2.00 billion in 2023.
• The Rest of Europe's base metal mining market is projected to grow at a CAGR of 1.5% during the forecast period, with a market size of USD 25.82 billion in 2023.

Asia Pacific Base Metal Mining Market Analysis

According to Cognitive Market Research, the global base metal mining market size was estimated at USD 555.2 Billion, out of which Asia Pacific held a market more than 23% of the global revenue with a market size of USD 127.70 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030 Asia Pacific is expected to increase significantly due to fast infrastructure development and industrialization in growing countries such as China and India. According to Cognitive Market Research, a copper segment dominated the market, copper dominates the Asia Pacific base metal mining market, with China being the world's leading producer and user. In conclusion, the Asia Pacific base metal mining market shows significant growth due to the region's fast development of infrastructures.

• According to Cognitive Market Research, the size of the China-based metal mining market was valued at USD 57.46 billion in 2023 and is projected to grow at a CAGR of 5.8% during the forecast period. 
• The India base metal mining market had a market share of USD 15.32 billion in 2023 and is projected to grow at a CAGR of 8.1% during the forecast period. 
• The Japan base metal mining market is projected to grow at a CAGR of 4.8% during the forecast period, with a market size of USD 17.62 billion in 2023.
• The South Korean base metal mining market is projected to grow at a CAGR of 5.4% during the forecast period, with a market size of USD 12.77 billion in 2023.
• The Australian base metal mining market is projected to grow at a CAGR of 6.0% during the forecast period, with a market size of USD 6.64 billion in 2023.
• The Southeast Asia base metal mining market is projected to grow at a CAGR of 7.3% during the forecast period, with a market size of USD 8.81 billion in 2023.
• The Rest of the Asia Pacific base metal mining market is projected to grow at a CAGR of 6.1% during the forecast period, with a market size of USD 9.07 billion in 2023.

South America Base Metal Mining Market Analysis

According to Cognitive Market Research, the global base metal mining market size was estimated at USD 555.2 Billion, out of which the Latin America market of more than 5% of the global revenue with market size of USD 27.76 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030 high base metal output in Latin American countries such as Peru, Venezuela, and Brazil is likely to drive market expansion over the next few years. According to Cognitive Market Research, Copper is a versatile metal that has a wide range of applications. As the global economy expands, so does the demand for copper. In conclusion, the Latin American base metal mining market exhibits steady growth, driven by high base metal in Latin American countries.

• According to Cognitive Market Research, the size of the Brazil-based metal mining market was valued at USD 11.88 billion in 2023 and is projected to grow at a CAGR of 4.3% during the forecast period. 
• The Argentina base metal mining market had a market share of USD 4.66 billion in 2023 and is projected to grow at a CAGR of 4.6% during the forecast period. 
• The Colombia base metal mining market is projected to grow at a CAGR of 3.5% during the forecast period, with a market size of USD 2.47 billion in 2023.
• The Peru base metal mining market is projected to grow at a CAGR of 3.9% during the forecast period, with a market size of USD 2.28 billion in 2023.
• The Chile base metal mining market is projected to grow at a CAGR of 4.0% during the forecast period, with a market size of USD 2.00 billion in 2023.
• The Rest of the Latin American base metal mining market is projected to grow at a CAGR of 2.8% during the forecast period, with a market size of USD 4.47 billion in 2023.

Middle East Base Metal Mining Market Analysis

According to Cognitive Market Research, the global base metal mining market size was estimated at USD 555.2 Billion, out of which Middle East and Africa held the major market of more than 2% of the global revenue with market size of USD 11.10 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2030 it is projected that underutilized resources in MEA will present mining companies with a chance to boost their businesses and consequently, the market. According to Cognitive Market Research, the copper segment dominated the market due to a high rise in mining activities in the region. In conclusion, the MEA (Middle East and Africa) base metal mining market exhibits growth potential due to increased mineral extraction activities in the region.

• According to Cognitive Market Research, the GCC Countries' base metal mining market size was valued at USD 4.75 billion in 2023 and is projected to grow at a CAGR of 4.8% during the forecast period. 
• The South Africa base metal mining market had a market share of USD 1.75 billion in 2023 and is projected to grow at a CAGR of 5.0% during the forecast period. 
• The Egypt base metal mining market is projected to grow at a CAGR of 4.3% during the forecast period, with a market size of USD 1.17 billion in 2023.
• The Turkish base metal mining market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 0.95 billion in 2023.
• The Nigeria base metal mining market is projected to grow at a CAGR of 3.1% during the forecast period, with a market size of USD 1.17 billion in 2023.
• The Rest of the MEA base metal mining market is projected to grow at a CAGR of 2.0% during the forecast period, with a market size of USD 1.31 billion in 2023.

Base Metal Mining Market Analysis

Base Metal Mining Market Type Segment Analysis

According to Cognitive Market Research, copper held the major market share over the forecast period, building pipes frequently constructed with copper-based tubing. Copper is a flexible, malleable metal that doesn't rust when exposed to moisture or soil. Moreover, it is recyclable. Soldering copper tubing is simple and creates strong connections. This metal is perfect for pipes and tubing because of all these qualities. While soft copper tubing is often utilized to create refrigerant lines in HVAC systems and heat pumps, rigid copper tubing is the best choice for hot and cold tap water pipes in buildings.

Nickel is the fastest-growing category over the forecast period as applications for nickel are expected to rise in the electric car industry, which is expected to increase metal demand in the upcoming years.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Base Metal Mining Industry. Request a Free Sample PDF!

Base Metal Mining Market Applications Segment Analysis

According to Cognitive Market Research, construction holds a prominent market share as applications in architecture, interior design, and building & construction all use base metals extensively. Increasing investment in the construction of smart cities worldwide is predicted to enhance the use of base metals across the forecast period.

Industrial machinery is the fastest-growing category over the forecast period. This results from the growing need for machinery and equipment in the industrial, mining, and construction sectors. For instance, copper is an essential part of electric motors, which are used in many types of industrial equipment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Base Metal Mining Product Type Segment Analysis

• Mining Drills & Breakers
• Crushing Pulverizing & Screening Equipment
• Mineral Processing Machinery
• Surface Mining Equipment
• Underground Mining Machinery

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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Profile

I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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