1. Market Research
  2. > Mining and Quarrying Market Trends
  3. > Metals

Find Your Way Through the Metal Mining Sector Studies

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
12 votes

Global Metal Mining Industry

The global metal mining market (part of the Mining and Quarrying sector) is expected to exceed $870 billion by 2015, according to research from Global Industry Analysts. Having fallen sharply in 2008 and 2009 as a result of the economic recession, the world metals market witnessed strong recovery in 2010 and 2011. The industry’s downturn during the financial crisis hit established markets such as the US and the EU more than emerging markets.

Key Segments

MarketLine estimates the world’s gold market was worth more than $110 billion in 2011, having recorded almost 28% yearly growth for the four preceding years. In terms of market production volume, the gold sector witnessed 3% yearly growth over the same four-year period to exceed 2,000 thousand metric tons. Industry performance is expected to slow to less than 10% annual growth between 2011 and 2016, bringing the market to just less than $170 billion by the close of 2016.

World nickel production jumped 10% in 2011 compared with the previous year to reach almost 1.6 million tons. Consumption climbed 7% in the same year to reach almost 1.57 million tons. Research in China predicts global nickel projects along with new capacities will see nickel oversupply reach 50,000 tons. China imported more than 48 million tons of nickel ore sands and concentrates from Australia, the Philippines and Indonesia in 2011, representing a 93% jump from the previous year, with laterite nickel representing more than 98%. Indonesia introduced a 20% export levy on more than a dozen types of raw ore, including nickel, in May of 2012. This is expected to see China’s laterite nickel ore supply decline and send nickel prices climbing.

The global copper industry is expected to reach almost 28 million metric tons by 2017, reports Global Industry Analysts. Copper demand is largely dictated by construction activity and industrial production, and therefore by broad economic trends. Copper market growth is expected to benefit from economic recovery over the coming years, with copper demand fueled by greater penetration of copper in various applications including copper cables for digital transmission, renewable sources of energy and electric vehicles. China is set to continue dominating the global copper market.

Rare earths, or “technology metal”, are used in the manufacture of digital technology products. China dominates the market, accounting for more than 95% overall production, according to Visiongain. The world market for rare earths is forecast to exceed $18 billion before the end of 2012. Market value is expected to fall due to declining prices of rare earths, sustaining the downward trend in prices. Should China’s rare earth exports quota rise or there be any delay in rare earth projects, rare earth prices could then rise, having a positive effect on market value.

Though the global steel industry has gone from strength to strength since the industrial revolution due to its role in global economic growth. However, iron ore, cooking coal shortages and rising oil prices have led to difficulties in the steel sector. The steel industry has witnessed new growth linked to increased levels of industrialization and urbanization activities in China, reports Visiongain. Industrial development in other BRIC countries has also helped to fuel steel industry growth. These new developments have attracted the attention of investors, bringing steel, iron ore and cooking coal to the fore. Growing demand for steel and its primary input has led to rising levels of capital investment and increased research and development activity. According to research from Visiongain, the world steel market was to exceed $1.3 trillion in 2011.

Read more »

You might be interested in these related markets:

Customer Support

Talk to Sam

+1 718 303 2384

110000 Reports
Partnerships, Current Infrastructure, Forecast
740000 Statistics
Market Size, Current Infrastructure, Forecast
11000 Reports
Economic Analysis, Market Share, Product Launch
7000 Statistics
Future Infrastructure, Market Trends, Merger and Acquisition
8700 Reports
Income Data, Economic Analysis, Partnerships
40000 Statistics
Market Size, Market Trends, Forecast
7100 Reports
Future Infrastructure, Forecast, Income Data
140000 Statistics
Income Data, Sales Data, Merger and Acquisition, Current Infrastructure
7400 Reports
Forecast, Future Infrastructure
2700 Statistics
Income Data, Market Trends, Current Infrastructure, Production Data
4900 Reports
Market Share, Partnerships
9800 Statistics
Market Share, Current Infrastructure, Forecast, Future Infrastructure
3800 Reports
Product Launch, Partnerships, Current Infrastructure, Production Data
2800 Statistics
Merger and Acquisition, Market Share, Economic Analysis
3400 Reports
Market Share, Merger and Acquisition
5700 Statistics
Production Data, Current Infrastructure, Income Data
3300 Reports
Market Share, Forecast, Market Trends
4900 Statistics
Client Wins, Market Share, Market Trends, Current Infrastructure
3100 Reports
Market Trends, Product Launch, Market Size, Production Data
2000 Statistics
Economic Analysis, Market Size

About 3200 reports

Purchase Reports From Reputable Market Research Publishers

Global Iron Ore Industry

  • $ 5450
  • October 2022
  • 459 pages

Abstract: What’s New for 2022? Global competitiveness and key competitor percentage market shares Market presence across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-pee ...

  • World
  • China
  • Iron Ore
  • Industry analysis

Global Tungsten Industry $ 5600 October 2022

Global Battery Industry $ 5600 October 2022

Global Power Banks Industry $ 5450 October 2022

Global Metal Powders Industry $ 5600 October 2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on