According to the report the global base metals market reached a volume of 125.5 Million Tonnes in 2022. Aided by the rising demand in various sectors such as construction, electronics, and automotive, among others, and the indispensable role of base metals in everyday applications, the market is projected to further grow at a CAGR of 4.03% between 2023 and 2028 to reach a volume of 155.7 Million Tonnes by 2028.
Base metals, primarily including copper, zinc, nickel, aluminium, and lead, are fundamental to the functioning of the modern world. They serve as key raw materials in infrastructure development, the manufacturing of electronics, transportation, and myriad other applications. Their properties - from aluminium's lightweight nature, making it ideal for transport applications, to copper's excellent conductivity, critical for electrical components - are foundational to our contemporary technological landscape.
A surge in urbanisation and the subsequent demand for infrastructure development is significantly driving the global base metals market growth. As emerging economies focus on developing smart cities, the need for base metals in construction, electricity distribution, and urban transportation infrastructure is skyrocketing. Furthermore, rapid technological advancements are creating a robust demand for base metals, especially in the electronics sector. With an ever-increasing consumer appetite for electronic gadgets, from smartphones to electric vehicles, the indispensability of base metals, particularly copper and nickel, is accentuated.
Furthermore, the automotive industry's transformative shift towards electric vehicles (EVs) has ushered in a new era of demand for base metals. As EVs rely heavily on batteries, which in turn are dependent on metals like nickel and aluminium, the momentum of the base metals market expansion is steady. Additionally, the global emphasis on reducing carbon footprints and making transportation eco-friendly propels the demand for lightweight aluminium in automobile production, accentuating fuel efficiency.
The diverse utility of base metals across sectors has further bolstered the base metals market development. For instance, in the healthcare sector, copper's inherent antimicrobial properties make it a preferred choice for fixtures, reducing the risk of disease transmission. On the other hand, zinc, due to its anti-corrosive nature, finds extensive application in the galvanisation of steel, extending the longevity of steel structures and products.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Base metals, primarily including copper, zinc, nickel, aluminium, and lead, are fundamental to the functioning of the modern world. They serve as key raw materials in infrastructure development, the manufacturing of electronics, transportation, and myriad other applications. Their properties - from aluminium's lightweight nature, making it ideal for transport applications, to copper's excellent conductivity, critical for electrical components - are foundational to our contemporary technological landscape.
A surge in urbanisation and the subsequent demand for infrastructure development is significantly driving the global base metals market growth. As emerging economies focus on developing smart cities, the need for base metals in construction, electricity distribution, and urban transportation infrastructure is skyrocketing. Furthermore, rapid technological advancements are creating a robust demand for base metals, especially in the electronics sector. With an ever-increasing consumer appetite for electronic gadgets, from smartphones to electric vehicles, the indispensability of base metals, particularly copper and nickel, is accentuated.
Furthermore, the automotive industry's transformative shift towards electric vehicles (EVs) has ushered in a new era of demand for base metals. As EVs rely heavily on batteries, which in turn are dependent on metals like nickel and aluminium, the momentum of the base metals market expansion is steady. Additionally, the global emphasis on reducing carbon footprints and making transportation eco-friendly propels the demand for lightweight aluminium in automobile production, accentuating fuel efficiency.
The diverse utility of base metals across sectors has further bolstered the base metals market development. For instance, in the healthcare sector, copper's inherent antimicrobial properties make it a preferred choice for fixtures, reducing the risk of disease transmission. On the other hand, zinc, due to its anti-corrosive nature, finds extensive application in the galvanisation of steel, extending the longevity of steel structures and products.
Market Segmentation
The market can be divided based on metal type, source, end-user industry, and region.Market Breakup by Metal Type
- Iron
- Copper
- Lead
- Aluminium
- Zinc
- Nickel
- Others
Market Breakup by Source
- New Production
- Recycled
Market Breakup by End-User Industry
- Construction
- Automotive and Transportation
- Consumer Goods
- Manufacturing
- Energy
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global base metals companies. Some of the major key players explored in the report are as follows:- Vale S.A
- Rio Tinto Ltd
- Fortescue Metal Group
- China Hongqiao Group Ltd
- United Company RUSAL
- Emirates Global Aluminium PJSC
- Alcoa Corporation
- Anglo American plc
- Antofagasta plc
- BHP Group Limited
- Codelco
- Freeport-McMoRan Inc.
- First Quantum Minerals Ltd.
- Glencore plc
- Jiangxi Copper Corporation
- Lundin Mining Corporation
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Base Metals Market Analysis
8.1 Key Industry Highlights
8.2 Global Base Metals Historical Production (2018-2022)
8.3 Global Base Metals Production Forecast (2023-2028)
8.4 Global Base Metals Historical Consumption (2018-2022)
8.5 Global Base Metals Consumption Forecast (2023-2028)
8.6 Global Base Metals Market by Metal Type
8.6.1 Iron
8.6.1.1 Historical Production (2018-2022)
8.6.1.2 Production Forecast (2023-2028)
8.6.1.3 Historical Consumption (2018-2022)
8.6.1.4 Consumption Forecast (2023-2028)
8.6.2 Copper
8.6.2.1 Historical Production (2018-2022)
8.6.2.2 Production Forecast (2023-2028)
8.6.2.3 Historical Consumption (2018-2022)
8.6.2.4 Consumption Forecast (2023-2028)
8.6.3 Lead
8.6.3.1 Historical Production (2018-2022)
8.6.3.2 Production Forecast (2023-2028)
8.6.3.3 Historical Consumption (2018-2022)
8.6.3.4 Consumption Forecast (2023-2028)
8.6.4 Aluminium
8.6.4.1 Historical Production (2018-2022)
8.6.4.2 Production Forecast (2023-2028)
8.6.4.3 Historical Consumption (2018-2022)
8.6.4.4 Consumption Forecast (2023-2028)
8.6.5 Zinc
8.6.5.1 Historical Production (2018-2022)
8.6.5.2 Production Forecast (2023-2028)
8.6.5.3 Historical Consumption (2018-2022)
8.6.5.4 Consumption Forecast (2023-2028)
8.6.6 Nickel
8.6.6.1 Historical Production (2018-2022)
8.6.6.2 Production Forecast (2023-2028)
8.6.6.3 Historical Consumption (2018-2022)
8.6.6.4 Consumption Forecast (2023-2028)
8.6.7 Others
8.7 Global Base Metals Market by Source
8.7.1 New Production
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Recycled
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Base Metals Market by End-User Industry
8.8.1 Construction
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Automotive and Transportation
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Consumer Goods
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Manufacturing
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Energy
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
8.8.6 Others
8.9 Global Base Metals Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2022)
8.9.1.1 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2022)
8.9.2.1 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2022)
8.9.3.1 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2022)
8.9.4.1 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2022)
8.9.5.1 Forecast Trend (2023-2028)
9 North America Base Metals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Base Metals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Base Metals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Base Metals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Base Metals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
15.1 Iron Historical Price Trends (2018-2022)and Forecast (2023-2028)
15.2 Copper Historical Price Trends (2018-2022)and Forecast (2023-2028)
15.3 Lead Historical Price Trends (2018-2022)and Forecast (2023-2028)
15.4 Aluminum Historical Price Trends (2018-2022)and Forecast (2023-2028)
15.5 Zinc Historical Price Trends (2018-2022)and Forecast (2023-2028)
15.6 Nickel Historical Price Trends (2018-2022)and Forecast (2023-2028)
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Vale S.A
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Rio Tinto Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Fortescue Metal Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 China Hongqiao Group Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 United Company RUSAL
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Emirates Global Aluminium PJSC
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Alcoa Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Anglo American plc
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Antofagasta plc
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 BHP Group Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Codelco
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Freeport-McMoRan Inc.
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 First Quantum Minerals Ltd.
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 Glencore plc
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 Jiangxi Copper Corporation
16.2.15.1 Company Overview
16.2.15.2 Product Portfolio
16.2.15.3 Demographic Reach and Achievements
16.2.15.4 Certifications
16.2.16 Lundin Mining Corporation
16.2.16.1 Company Overview
16.2.16.2 Product Portfolio
16.2.16.3 Demographic Reach and Achievements
16.2.16.4 Certifications
16.2.17 Others
17 Key Trends and Developments in the Market
Companies Mentioned
- Vale S.A
- Rio Tinto Ltd
- Fortescue Metal Group
- China Hongqiao Group Ltd
- United Company RUSAL
- Emirates Global Aluminium PJSC
- Alcoa Corporation
- Anglo American plc
- Antofagasta plc
- BHP Group Limited
- Codelco
- Freeport-McMoRan Inc.
- First Quantum Minerals Ltd.
- Glencore plc
- Jiangxi Copper Corporation
- Lundin Mining Corporation
Methodology
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