Base Metals Mining Market Research Report Global Forecast to 2027

Base Metals Mining Market: Information by Metals Type (Copper, Zinc, Nickel, Aluminum), Application (Construction, Electrical & Electronics, Automotive, Medical, Consumer Goods, Others), and Region (North America, Asia-Pacific)—Forecast till 2027

ID: MRFR/CnM/6305-HCR | February 2021 | Region: Global | 140 pages

Market Synopsis:


The global base Metals mining market by volume is expected to reach 158.8 million metric tons by 2023, registering a CAGR of 5.51%. Base Metals mining is majorly used to make steel equipment such as plate, bars, rods, wire, shearing, and pipes that find applications in the manufacturing, construction, and energy industries. In the construction industry, base Metals such as aluminum, copper, and iron are used for building bridges, residential building, commercial space, airports, and railroads. They are used in manufacturing equipment, protective shields, cookware, and cutlery. Also, base Metals are used in the power and energy industry to facilitate power storage in batteries. These Metals are economical owing to abundance availability of Metals and requirement of less resources during their extraction process.


The increasing demand for base Metals mining in the construction industry is expected to drive the global market growth during the forecast period. According to the Canadian Construction Association, in 2017, the US invested around USD 896 million in the construction industry. According to the Association of Southeast Asian Nations (ASEAN), countries such as China, Japan, and South-East Asia accounted for nearly 75% of investment in real estate construction activities. Furthermore, the China National Petroleum Corporation has announced to construct oil refinery valued at USD 620 million to expand crude oil production in 2017. Moreover, Muhibbah Engineering, a Malaysia-based construction company, signed a contract to build airport terminal at Phnom Penh, Cambodia, worth USD 23 million in 2016. Thus, the increase in construction activities across the globe is positively expected to influence the demand for base Metals mining during the forecast period.


Global Base Metals Mining Market Share, by Metals Type, 2017 (%) Global Base Metals Mining Market Share, by Metals Type, 2017 (%)


Source: MRFR analysis


Regional Analysis


The global base Metals mining market is studied based on five regions Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia-Pacific market is expected to witness significant growth at a healthy CAGR owing to an increase in demand for commercial buildings in Hong Kong, Singapore, Australia, South Korea, and Japan. Further, government support to enhance urban infrastructure with an objective to achieve sustainable economies is expected to favor the regional market growth. Likewise, rapid industrialization in the region is expected to increase the application of base Metals mining in the manufacturing industry and accelerate the regional market growth during the forecast period.


The North American and European markets are expected to witness significant growth in terms of CAGR during the review period owing to an increase in the application of base Metals mining in automobile components. According to the America Automotive Policy Council, Americans purchased over 17.4 million cars and trucks in 2016, and the number of purchases is expected to increase in coming years, which is expected to increase the adoption of base Metals in the automotive industry. Furthermore, automobile production in the US is expected to exceed 11 million per year by 2021 to reach 12 million units in 2025. Companies such as Ford, General Motors, and FAC Group invested around USD 34 billion in R&D for automobiles during 2013–2017.


In addition, the market in the Middle East & Africa is projected to witness steady growth during the forecast timeframe. Countries such as the UAE and Saudi Arabia are expected to be the leading markets for base Metals mining owing to its high application in the automobile parts, batteries, and electronic products.


Market Segmentation


The global base Metals mining market has been segmented on the basis of Metals type, application, and region. Based on Metals type, the global base Metals mining market has been segregated into zinc, copper, aluminum, nickel and lead, and iron. The aluminum is expected to be the dominant segment owing to the wide application in the construction, electronics, and automotive industries. The global market has been further divided by application into automotive, construction, electrical & electronics, and medical devices.


Key Players


Some of the prominent players in the global base Metals mining market are CODELCO (Chile), BHP Billiton Limited (Australia), Antofagasta PLC (UK), Alcoa Corporation (US), Vedanta Resources Plc (India), Freeport-McMoRan (US), Rio Tinto (UK), Norilsk Nickel (Russia), Vale S.A (Brazil), Anglo American Plc (UK), Glencore (Switzerland), Southern Copper Corporation (US), First Quantum Minerals Ltd (Canada), and United States Steel Corporation (US).


Intended Audience



  • Base Metals Mining Manufacturers

  • Traders and Distributors of Base Metals Mining

  • Mining Industry Association

  • Oil and Gas Industry

  • Research and Development Institutes

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2022: USD 158.8 million
  • 2027: Significant Value
  •   CAGR   5.51% (2016-2022)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Metals Type, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   CODELCO (Chile), BHP Billiton Limited (Australia), Antofagasta PLC (UK), Alcoa Corporation (US), Vedanta Resources Plc (India), Freeport-McMoRan (US), Rio Tinto (UK), Norilsk Nickel (Russia), Vale S.A (Brazil), Anglo American Plc (UK), Glencore (Switzerland), Southern Copper Corporation (US), First Quantum Minerals Ltd (Canada), and United States Steel Corporation (US)
      Key Market Opportunities   
      Key Market Drivers   


    Frequently Asked Questions (FAQ) :


    The volumetric consumption of base metals mining is projected to reach 158.8 million metric tons by 2023.

    The consumption of base metals mining is expected to register 5.5% CAGR during the assessment period (2018-2023)

    By metals type, the aluminum segment and by applications, the construction segment account for major shares in the global base metals mining market.

    Asia Pacific holds the largest share in the global base metals mining market, followed by Europe and North America, respectively.

    BHP Billiton Limited (Australia), CODELCO (Chile), Antofagasta PLC (UK), Vedanta Resources Plc. (India), Alcoa Corporation (US), Freeport-McMoRan (US), Norilsk Nickel (Russia), Rio Tinto (UK), Vale S.A (Brazil), Glencore (Switzerland), Anglo American Plc (UK), Southern Copper Corporation (US), United States Steel Corporation (US), and First Quantum Minerals Ltd. (Canada), are some of the major players operating in the base metals mining market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Supply Chain Analysis

    4.1.1 Raw Material Suppliers

    4.1.2 Manufacturers/Producers

    4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

    4.1.4 Application

    4.2 Porter’s Five Forces Analysis

    4.2.1 Threat of New Entrants

    4.2.2 Bargaining Power of Buyers

    4.2.3 Bargaining Power of Suppliers

    4.2.4 Threat of Substitutes

    4.2.5 Intensity of Competitive Rivalry

    5 Industry Overview of Global Base Metals Mining Market

    5.1 Introduction

    5.2 Drivers

    5.3 Restraints

    5.4 Opportunities

    5.5 Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Base Metals Mining Market, by Metals Type

    7.1 Introduction

    7.2 Copper

    7.2.1. Market Estimates & Forecast, 2020–2027

    7.2.2. Market Estimates & Forecast, by Region, 2020–2027

    7.3 Nickel

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast, by Region, 2020–2027

    7.4 Lead

    7.4.1 Market Estimates & Forecast, 2020–2027

    7.4.2 Market Estimates & Forecast, by Region, 2020–2027

    7.5. Zinc

    7.5.1 Market Estimates & Forecast, 2020–2027

    7.5.2 Market Estimates & Forecast, by Region, 2020–2027

    7.6 Aluminum

    7.6.1 Market Estimates & Forecast, 2020–2027

    7.6.2 Market Estimates & Forecast, by Region, 2020–2027

    7.7 Others

    7.7.1 Market Estimates & Forecast, 2020–2027

    7.7.2 Market Estimates & Forecast, 2020–2027

    8. Global Base Metals Mining Market, by Application

    8.1 Introduction

    8.2 Electrical & Electronics

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast, by Region, 2020–2027

    8.3 Automotive

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8.4 Construction

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast, by Region, 2020–2027

    8.5 Medical

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.5.2 Market Estimates & Forecast, by Region, 2020–2027

    8.6 Others

    8.6.1 Market Estimates & Forecast, 2020–2027

    8.6.2 Market Estimates & Forecast, by Region, 2020–2027

    9. Global Base Metals Mining Market, by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.2.5 Market Estimates & Forecast by Application, 2020–2027

    9.2.6 US

    9.2.6.1 Market Estimates & Forecast, 2020–2027

    9.2.6.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.2.6.5 Market Estimates & Forecast by Application, 2020–2027

    9.2.7 Canada

    9.2.7.1 Market Estimates & Forecast, 2020–2027

    9.2.7.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.2.7.5 Market Estimates & Forecast by Application, 2020–2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.5 Market Estimates & Forecast by Application, 2020–2027

    9.3.6 Germany

    9.3.6.1 Market Estimates & Forecast, 2020–2027

    9.3.6.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.6.5 Market Estimates & Forecast by Application, 2020–2027

    9.3.7. France

    9.3.7.1 Market Estimates & Forecast, 2020–2027

    9.3.7.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.7.5 Market Estimates & Forecast by Application, 2020–2027

    9.3.8 Italy

    9.3.8.1 Market Estimates & Forecast, 2020–2027

    9.3.8.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.8.5 Market Estimates & Forecast by Application, 2020–2027

    9.3.9 Spain

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.9.5 Market Estimates & Forecast by Application, 2020–2027

    9.3.10 UK

    9.3.10.1 Market Estimates & Forecast, 2020–2027

    9.3.10.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.10.5 Market Estimates & Forecast by Application, 2020–2027

    9.3.9 Russia

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.9.5 Market Estimates & Forecast by Application, 2020–2027

    9.3.12 Netherlands

    9.3.12.1 Market Estimates & Forecast, 2020–2027

    9.3.12.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.12.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.13 Rest of Europe

    9.3.13.1 Market Estimates & Forecast, 2020–2027

    9.3.13.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.3.13.5 Market Estimates & Forecast by Application, 2020–2027

    9.4 Asia Pacific

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.4.5 Market Estimates & Forecast by Application, 2020–2027

    9.4.6 China

    9.4.6.1 Market Estimates & Forecast, 2020–2027

    9.4.6.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.4.6.5 Market Estimates & Forecast by Application, 2020–2027

    9.4.7 India

    9.4.7.1 Market Estimates & Forecast, 2020–2027

    9.4.7.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.4.7.5 Market Estimates & Forecast by Application, 2020–2027

    9.4.8 Japan

    9.4.8.1 Market Estimates & Forecast, 2020–2027

    9.4.8.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.4.8.5 Market Estimates & Forecast by Application, 2020–2027

    9.4.9 Australia

    9.4.9.1 Market Estimates & Forecast, 2020–2027

    9.4.9.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.4.9.5 Market Estimates & Forecast by Application, 2020–2027

    9.4.10 Malaysia

    9.4.10.1 Market Estimates & Forecast, 2020–2027

    9.4.10.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.4.10.5Market Estimates & Forecast by Application, 2020–2027

    9.4.9 South Korea

    9.4.9.1 Market Estimates & Forecast, 2020–2027

    9.4.9.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.4.9.5 Market Estimates & Forecast by Application, 2020–2027

    9.4.12 Rest of Asia Pacific

    9.4.12.1 Market Estimates & Forecast, 2020–2027

    9.4.12.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.4.12.5Market Estimates & Forecast by Application, 2020–2027

    9.5 Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.5.5 Market Estimates & Forecast by Application, 2020–2027

    9.5.6 Saudi Arabia

    9.5.6.1 Market Estimates & Forecast, 2020–2027

    9.5.6.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.5.6.5 Market Estimates & Forecast by Application, 2020–2027

    9.5.7 UAE

    9.5.7.1 Market Estimates & Forecast, 2020–2027

    9.5.7.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.5.7.5 Market Estimates & Forecast by Application, 2020–2027

    9.5.8 Africa

    9.5.8.1 Market Estimates & Forecast, 2020–2027

    9.5.8.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.5.8.5Market Estimates & Forecast by Application, 2020–2027

    9.5.9 Rest of the Middle East & Africa

    9.5.9.1 Market Estimates & Forecast, 2020–2027

    9.5.9.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.5.9.5 Market Estimates & Forecast by Application, 2020–2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.6.5 Market Estimates & Forecast by Application, 2020–2027

    9.6.4 Brazil

    9.6.4.1 Market Estimates & Forecast, 2020–2027

    9.6.4.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.6.4.5 Market Estimates & Forecast by Application, 2020–2027

    9.6.5 Argentina

    9.6.5.1 Market Estimates & Forecast, 2020–2027

    9.6.5.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.6.5.5 Market Estimates & Forecast by Application, 2020–2027

    9.6.6 Mexico

    9.6.6.1 Market Estimates & Forecast, 2020–2027

    9.6.6.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.6.6.5 Market Estimates & Forecast by Application, 2020–2027

    9.6.7 Rest of Latin America

    9.6.7.1 Market Estimates & Forecast, 2020–2027

    9.6.7.2 Market Estimates & Forecast by Metals Type, 2020–2027

    9.6.7.5 Market Estimates & Forecast by Application, 2020–2027

    10. Competitive Landscape

    10.1 Introduction

    10.2 Market Key Strategies

    10.3 Key Development Analysis

    (Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

    11. Company Profiles

    11.1 CODELCO

    11.1.1 Company Overview

    11.1.2 Financial Updates

    11.1.3 Product/Business Segment Overview

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.1.6 Key Strategies

    11.2 BHP Billiton Limited

    11.2.1 Company Overview

    11.2.2 Financial Updates

    11.2.3 Product/Business Segment Overview

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.2.6 Key Strategies

    11.3 Antofagasta PLC

    11.3.1 Company Overview

    11.3.2 Financial Updates

    11.3.3 Product/Business Segment Overview

    11.3.4 Key Developments

    11.3.5 SWOT Analysis

    11.3.6 Key Strategies

    11.4 Alcoa Corporation

    11.4.1 Company Overview

    11.4.2 Financial Updates

    11.4.3 Product/Business Segment Overview

    11.4.4 Key Developments

    11.4.5 SWOT Analysis

    11.4.6 Key Strategies

    11.5 Vedanta Resources Plc

    11.5.1 Company Overview

    11.5.2 Financial Updates

    11.5.3 Product/Business Segment Overview

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.5.6 Key Strategies

    11.6 Freeport-McMoRan

    11.6.1 Company Overview

    11.6.2 Financial Updates

    11.6.3 Product/Business Segment Overview

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.6.6 Key Strategies

    11.7 Rio Tinto

    11.7.1 Company Overview

    11.7.2 Financial Updates

    11.7.3 Product/Business Segment Overview

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.7.6 Key Strategies

    11.8 Norilsk Nickel

    11.8.1 Company Overview

    11.8.2 Financial Updates

    11.8.3 Product/Business Segment Overview

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.8.6 Key Strategies

    11.9 Vale S.A

    11.9.1 Company Overview

    11.9.2 Financial Updates

    11.9.3 Product/Business Segment Overview

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.9.6 Key Strategies

    11.10 Anglo American Plc

    11.10.1 Company Overview

    11.10.2 Financial Updates

    11.10.3 Product/Business Segment Overview

    11.10.4 Key Developments

    11.10.5 SWOT Analysis

    11.10.6 Key Strategies

    11.11 Glencore

    11.11.1 Company Overview

    11.11.2 Financial Updates

    11.11.3 Product/Business Segment Overview

    11.11.4 Key Developments

    11.11.5 SWOT Analysis

    11.11.6 Key Strategies

    11.12 Southern Copper Corporation

    11.12.1 Company Overview

    11.12.2 Financial Updates

    11.12.3 Product/Business Segment Overview

    11.12.4 Key Developments

    11.12.5 SWOT Analysis

    11.12.6 Key Strategies

    11.13 First Quantum Minerals Ltd

    11.13.1 Company Overview

    11.13.2 Financial Updates

    11.13.3 Product/Business Segment Overview

    11.13.4 Key Developments

    11.13.5 SWOT Analysis

    11.13.6 Key Strategies

    11.14 United States Steel Corporation

    11.14.1 Company Overview

    11.14.2 Financial Updates

    11.14.3 Product/Business Segment Overview

    11.14.4 Key Developments

    11.14.5 SWOT Analysis

    11.14.6 Key Strategies

    12. Conclusion

    LIST OF TABLES

    Table 1 Global Base Metals Mining Market, by Region, 2020–2027

    Table 2 North America: Base Metals Mining Market, by Country, 2020–2027

    Table 3 Europe: Base Metals Mining Market, by Country, 2020–2027

    Table 4 Asia-Pacific: Base Metals Mining Market, by Country, 2020–2027

    Table 5 Middle East & Africa: Base Metals Mining Market, by Country, 2020–2027

    Table 6 Latin America: Base Metals Mining Market, by Country, 2020–2027

    Table 7 Base Metals Mining Metals Type Market, by Region, 2020–2027

    Table 8 North America: Base Metals Mining Metals Type Market, by Country, 2020–2027

    Table 9 Europe: Base Metals Mining Metals Type Market, by Country, 2020–2027

    Table 10 Asia-Pacific: Base Metals Mining Metals Type Market, by Country, 2020–2027

    Table 11 Middle East & Africa: Base Metals Mining Metals Type Market, by Country, 2020–2027

    Table 12 Latin America: Base Metals Mining Metals Type Market, by Country, 2020–2027

    Table 11 Base Metals Mining Application Market, by Region, 2020–2027

    Table 14 North America: Base Metals Mining Application Market, by Country, 2020–2027

    Table 15 Europe: Base Metals Mining Application Market, by Country, 2020–2027

    Table 16 Asia-Pacific: Base Metals Mining Application Market, by Country, 2020–2027

    Table 17 Middle East & Africa: Base Metals Mining Application Market, by Country, 2020–2027

    Table 18 Latin America: Base Metals Mining Application Market, by Country, 2020–2027

    Table 19 Global Base Metals Mining Metals Type Market, by Region, 2020–2027

    Table 20 Global Base Metals Mining Application Market, by Region, 2020–2027

    Table 21 North America: Base Metals Mining Market, by Country, 2020–2027

    Table 22 North America: Base Metals Mining Market, by Metals Type, 2020–2027

    Table 23 North America: Base Metals Mining Market, by Application, 2020–2027

    Table 24 Europe Base Metals Mining Market, by Country, 2020–2027

    Table 25 Europe Base Metals Mining Market, by Metals Type, 2020–2027

    Table 26 Europe Base Metals Mining Market, by Application, 2020–2027

    Table 27 Asia-Pacific Base Metals Mining Market, by Country, 2020–2027

    Table 28 Asia-Pacific Base Metals Mining Market, by Metals Type, 2020–2027

    Table 29 Asia-Pacific Base Metals Mining Market, by Application, 2020–2027

    Table 30 Middle East & Africa: Base Metals Mining Market, by Country, 2020–2027

    Table 31 Middle East & Africa: Base Metals Mining Market, by Metals Type, 2020–2027

    Table 32 Middle East & Africa: Base Metals Mining Market, by Application, 2020–2027

    Table 33 Latin America: Base Metals Mining Market, by Country, 2020–2027

    Table 34 Latin America: Base Metals Mining Market, by Metals Type, 2020–2027

    Table 35 Latin America: Base Metals Mining Market, by Application, 2020–2027

    LIST OF FIGURES

    FIGURE 1 Global Base Metals Mining Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Base Metals Mining Market

    FIGURE 4 Supply Chain of Base Metals Mining Market

    FIGURE 5 Share of Base Metals Mining Market, by Country, 2020 (%)

    FIGURE 6 Global Base Metals Mining Market, 2020–2027

    FIGURE 7 Sub Segments of Metals Type

    FIGURE 9 Global Base Metals Mining Market size, by Metals Type, 2020 (%)

    FIGURE 10 Share of Base Metals Mining Market, by Metals Type, 2020–2027

    FIGURE 17 Sub Segments of Application

    FIGURE 18 Global Base Metals Mining Market size, by Application, 2020 (%)

    FIGURE 19 Share of Base Metals Mining Market, by Application, 2020–2027