Global Base Metal Mining Market Size & Outlook, 2023-2030

The base metal mining industry worldwide is expected to reach a projected revenue of US$ 667,163.4 million by 2030. A compound annual growth rate of 3.5% is expected of the worldwide base metal mining industry from 2024 to 2030.
Revenue, 2023 (US$M)
$522,722.0
Forecast, 2030 (US$M)
$667,163.4
CAGR, 2024 - 2030
3.5%
Report Coverage
Worldwide

Global base metal mining market highlights

  • The global base metal mining market generated a revenue of USD 512,516.5 million in 2023 and is expected to reach USD 654,576.9 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 3.6% by 2030.
  • In terms of segment, copper accounted for a revenue of USD 180,119.4 million in 2023.
  • Tungsten is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 512,516.5 million
Market revenue in 2030USD 654,576.9 million
Growth rate3.6% (CAGR from 2023 to 2030)
Largest segmentCopper
Fastest growing segmentTungsten
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAluminum, Copper, Lead, Zinc, Nickel, Tin, Tungsten

Other key industry trends

  • In terms of revenue, the North America accounted for 9.9% of the global base metal mining market in 2023.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Brazil is the fastest growing regional market and is projected to reach USD 8,914.6 million by 2030.

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Base Metal Mining Market Companies

Name Profile # Employees HQ Website

Global base metal mining market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to base metal mining market will help companies and investors design strategic landscapes.


Copper was the largest segment with a revenue share of 35.14% in 2023. Horizon Databook has segmented the Global base metal mining market based on aluminum, copper, lead, zinc, nickel, tin, tungsten covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Base Metal Mining Product Outlook (Revenue, USD Million, 2018-2030)
    • Aluminum
    • Copper
    • Lead
    • Zinc
    • Nickel
    • Tin
    • Tungsten
  • Global Base Metal Mining Application Outlook (Revenue, USD Million, 2018-2030)
    • Construction
    • Automotive
    • Electrical & electronics
    • Consumer Products
    • Other Application

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Target buyers of Global base metal mining market databook

  • Our clientele includes a mix of base metal mining market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global base metal mining market , including forecasts for subscribers. This global databook contains high-level insights into Global base metal mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global base metal mining market size, by regions, 2018-2030 (US$M)

Top 10 countries: Base metal mining market size, 2023 (US$M)

Global base metal mining market share, by product, 2023 & 2030 (%, US$M)

Base metal mining market: Opportunity assessment by country

Global base metal mining market, by region, 2023 (US$M)

Global base metal mining market size, by regions, 2018-2030 (US$M)

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