The Metals and Minerals market is the foundational global industry responsible for the extraction, processing, and supply of essential raw materials like ferrous metals (iron, steel), non-ferrous metals (copper, aluminum, nickel), precious metals (gold, silver), and industrial minerals (lithium, cement, phosphate). Its primary drivers are rapid global urbanization and the accelerating energy transition.
The Global Metals and Minerals market size was approximately $1.17 trillion in 2024. It is forecasted to reach over $2.02 trillion by 2035, indicating a Compound Annual Growth Rate (CAGR) of around 5.09% during the forecast period. This steady growth is underpinned by sustained demand from construction and the high-tech, green economy sectors.
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