全球采矿行业市场前景及投资研究报告-培训课件外文版2024.5必和必拓

INDUSTRIES

&

MARKETSMining:

market

data

&

analysisMarket

InsightsreportNovember2023MARKET

INSIGHTSThis

report

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Market

Insightscom/outlook/2Table

of

ContentsOverviewNon-MetallicOresNaturalGas4048Summary56MarketDefinitionKeyTakeawaysProduction7Appendix8MarketStructureProduct

OverviewAuthor575960CompanyRevenuesTopGoldMinesTopSilverMinesTopCopperMinesTopNickel

MinesTopZincMines101112131415Market

NumbersCoal162432CrudePetroleumMetalOres3CHAPTER

1OverviewThe

Mining

marketis

a

rapidly

expanding

marketSummarySummaryTheMiningmarket

refers

to

theextraction

ofminerals,

oil,gas,andothernaturalresources

from

the

earth's

surface.

Thisindustryplaysacrucialrole

inthe

globaleconomy

inthatitprovides

important

raw

materials

forvarious

industriessuchasconstruction,

manufacturing,and

power

generation.Theoutlook

forthe

mining

market

remains

uncertainandcomplex.

Theindustrywill

continue

to

beinfluenced

byglobaleconomic

conditionsandcommodityprices,

aswell

astechnological

advancements

andemerging

markets.Companies

will

alsoneed

to

address

apprehensions

related

toenvironmentalsustainabilityand

social

responsibility

while

leveraging

digitaltechnologies

tooptimize

operations

and

increase

efficiency.Thismarket

grappleswith

thechallenges

of

environmental

issues

fromlanddegradation,water

pollution,and

carbon

emissions,

among

others.

Occupationalrisks,suchas

accidentsand

exposure

totoxins,are

alsoconcerns.Themarket

issensitive

toglobalprice

shifts,regulatory

demands,andgeopoliticalrisks.

Moreover,

mininginecologically

delicate

or

indigenousregions

hasraisedopposition

and,

with

that,

haspresented

additionalhurdlesfortheindustry.TheCOVID-19

pandemicandtheUkraine

conflict

severely

impacted

theminingmarket.

Thepandemicdisruptedsupplychains,decreased

mineral

demand,andhaltedoperations

which

ledto,production

delays

and

financiallosses.5Sources:Market

Insights

2023Navigating

the

Mining

landscape,

from

coal

to

natural

gas

and

beyondMarket

DefinitionMarket

DefinitionMiningrefers

tothe

extraction

of

valuablerawmaterials

andore

bodies.

Mineralsaremostly

inorganicsubstancesfoundinnaturethathavespecificchemicalcompositions

andphysicalproperties.

Ores

are

naturalaggregates

ofminerals,which

canbesolid

(likecoal),liquid(likepetroleum),

or

gaseous

(likenaturalgas).Extraction

methods

vary,including

underground

mining,surfacemining,andseabed

mining.TheMiningmarket

encompasses

products

fromover

100countries

across

fivesectors:

coal,crudepetroleum,

metal

ores,

non-metallicores,

and

naturalgas.•

TheMetal

Ores

market

refers

to

theminingof

naturallyoccurring

rocks

thatcontainmetals

or

metal

compounds.

Metals

suchasiron,

chromium,

cobalt,etc.

areproduced

from

theseores.•

TheNon-Metallic

Ores

market

refers

to

theminingof

naturallyoccurring

rocksthatcontain

non-metallic

minerals,

suchasasbestos

and

baryte.•

TheNaturalGasmarket

refers

tothe

extraction

of

naturalgas,afossil

energysource

formed

beneath

the

earth’s

surfacethatismostly

methane.Themarket

comprises

production

andproduction

growth

rates.TheMiningmarket

consistsof

fivedifferent

markets:Dataisonly

provided

forthecountries

thatareactiveintheabove-mentionedmarkets.•TheCoalmarket

refers

totheminingof

coal,which

is

acombustible

blackorblack-brown

sedimentary

rock

used

asfuel.Themarkets

only

displayB2B

production.•

TheCrudePetroleum

market

refers

tothe

extraction

of

crudepetroleum,which

istheraw

material

forpetroleum

production.6Sources:Market

Insights

2023Global

mining

production

is

expected

to

experience

notable

growthKey

TakeawaysKeyTakeawaysInscopeOutof

scopeProduction

intheMiningmarket

isprojected

to

amount

to16,020.00bn

kgin2023.Anannualgrowth

rateof4.82%

is

expected

(CAGR2023-2028).Thismarket

includes:Thismarket

excludes:•Miningof

rawminerals•Miningof

ores•Smelting

and

pressing

of

metals•Petroleum

refining•Energy

production

from

fossil

fuels•Extraction

offossil

fuels7Sources:Market

Insights

2023Itis

estimated

that

production

in

the

Mining

market

willincrease

at

a

CAGR(1)

of3.1%

from2018

to

2028ProductionProduction

intrillion

kilograms20.27+3.1%(1)19.3018.4417.6216.8116.0215.3515.2614.9315.0714.42201820192020202120222023202420252026202720288Notes:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023Sources:With

a

production

output

of

8.91

trillion

kilograms,

Asia’s

market

was

the

biggestamong

the

selected

regions

in

2023ProductionProduction

intrillion

kilograms+5.8%(1)11.828.91+3.0%(1)+4.0%(1)+2.9%(1)3.37+4.8%(1)2.902.572.111.501.301.000.792023202820232028202320282023202820232028EuropeAfricaAmericasAsiaAustralia&Oceania9Notes:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023Sources:Revenues

of

the

top

companies

in

the

Mining

market

(worldwide

&consolidated)Company

RevenuesRevenues

inbillionUS$Company20182019202020212022AngloAmericanChina

ShenhuaEnergyFortescue

Metals

GroupFreeport-McmoranGlencore28.9337.609.9729.8733.7712.8214.4031.2748.5822.2814.20142.3011.5015.5644.611.5543.3350.3317.3922.85203.9012.2217.8563.502.0135.8640.7317.4022.78256.3011.9216.8855.5544.3043.5718.63Newmont7.2511.8040.522.749.7413.7643.172.35Norilsk

NickelRio

TintoLimitedValeZijin

MiningGroup16.0219.7024.8534.9110Sources:Market

Insights

2023Production

of

the

top

companies

in

the

Miningmarket

(worldwide

&consolidated)Top

Gold

MinesProduction

inthousand

kilogramsCompany20182019202020212022Boddington

(Australia)Cadia

(Australia)20.1018.6619.7326.2815.0268.4913.4222.8729.7030.1219.9321.2818.9427.3817.8824.4716.3825.9432.6234.4321.1022.0420.4727.7419.7846.4117.8328.9734.7535.2521.1122.7921.3428.1121.6848.5019.2832.0036.8836.0621.1323.5522.2128.4723.5750.5920.7335.0339.0136.87Canadian

Malartic

(Canada)Carlin(United

States)Cerro

Negro

(Argentina)Grasberg

(Indonesia)Herradura

(Mexico)Kibali(DRCongo)Lihir(Papua

New

Guinea)PuebloViejo

(Dominican

Republic)11Sources:Market

Insights

2023Production

of

the

top

companies

in

the

Miningmarket

(worldwide

&consolidated)Top

SilverMinesProduction

inmillion

kilogramsCompany20182019202020212022Cerro

Moro

(Argentina)Cienega

(Mexico)0.130.170.270.430.220.160.570.410.560.480.200.180.250.360.230.190.570.530.690.330.270.190.280.320.250.210.610.650.740.460.330.200.300.280.270.230.650.760.790.470.400.210.330.240.280.250.690.880.840.47Escondida

(Chile)Fresnillo

(Mexico)LaColorada

(Mexico)LasBambas

(Peru)Penasquito(Mexico)SanJulian(Mexico)Saucito(Mexico)Uchucchacua(Peru)12Sources:Market

Insights

2023Production

of

the

top

companies

in

the

Miningmarket

(worldwide

&consolidated)Top

CopperMinesProduction

inbillionkilogramsCompany20182019202020212022Antamina(Peru)0.450.480.561.170.530.390.200.450.360.220.440.460.631.020.280.440.280.450.390.300.450.570.571.000.420.470.310.520.380.360.460.620.640.990.420.500.340.540.390.430.470.660.660.970.430.530.370.560.390.49Cerro

Verde

(Peru)Collahuasi(Chile)Escondida

(Chile)Grasberg

(Indonesia)LasBambas

(Peru)Ministro

Hales

(Chile)Morenci

(United

States)Nornickel

TaimyrPeninsula(Russia)Sentinel

(Zambia)13Sources:Market

Insights

2023Production

of

the

top

companies

in

the

Miningmarket

(worldwide

&consolidated)Top

Nickel

MinesProduction

inmillion

kilogramsCompany20182019202020212022Barro

Alto(Brazil)33.5017.5782.0928.3030.71165.7035.5032.94183.3038.2533.9013.4992.6523.7033.11155.1036.6026.82198.8038.4234.9019.64103.2030.4131.69144.5041.7324.44189.6045.8438.0320.07113.8034.2231.47134.0043.9722.44191.8048.0839.6120.50124.3038.0431.26123.4046.2120.44194.0050.33Eagle(United

States)FNICagdianao(Philippines)Koniambo

(New

Caledonia)Moa

Project

(Cuba)Mount

Keith(Australia)Murrin

Murrin

(Australia)Nornickel

KolaPeninsula

(Russia)Nornickel

TaimyrPeninsula(Russia)Vale

New

Caledonia

(New

Caledonia)14Sources:Market

Insights

2023Production

of

the

top

companies

in

the

Miningmarket

(worldwide

&consolidated)Top

ZincMinesProduction

inmillion

kilogramsCompany20182019202020212022Antamina(Peru)409.30147.30101.90101.2099.92400.00290.60117.7097.95434.10433.90133.40134.30137.10262.40155.80244.80302.50572.10468.10577.20149.20153.70153.50269.60157.90270.20245.40572.50502.10720.50164.90173.10169.90276.80159.90295.60188.40572.90DugaldRiver

(Australia)Golden

Grove

(Australia)Kayad(India)Kyzyl-Tash

Turk

(Russia)McArthurRiver

(Australia)Penasquito(Mexico)Rajpura

Dariba(India)Rampura

Agucha(India)Red

Dog

(UnitedStates)120.70271.20153.70218.30357.60571.70254.30144.30200.90429.60583.2015Sources:Market

Insights

2023MARKET

NUMBERSCoalDynamics

and

challenges

in

the

Coal

marketSummarySummaryTheCoalindustryis

aspecialized

sector

withinmining,dedicated

to

extractingcoal

from

theEarth'scrust.Coal

playsavitalrole

intheglobaleconomy,

servingasakey

energy

source

forelectricity

generation

and

as

afundamentalinput

forsteel

production.

Thisindustrynot

onlypowers

asignificantportion

of

theworld'senergy

needs

but

alsoprovides

essential

materials

foravariety

ofmanufacturingprocesses.chaindisruptions,reduced

demand,andmineclosures

dueto

health

and

mobilityconstraints.

Thisled

tofalling

coal

prices

andfinancialchallenges

forbusinessesinthesector.

TheUkrainecrisis,

particularly

initscoal-dense

eastern

regions,

hasaddedstrain.

Disrupted

supplyroutes,

increased

security

risks,anddamagedinfrastructures

forced

manymines

to

suspend

operations

and

significantlylessened

theproduction

ofcoal.Thevariouschallenges

of

the

Coal

market

revolve

around

environmental

issuessuchasgreenhouse

gasemissions,

deforestation,

andwater

pollution.

Workersafety

remains

aconcern,

given

therisksof

mineaccidentsand

exposure

tohazardousconditions.

TheCoal

market

is

subject

to

instabilityofglobal

coalprices,

regulatory

constraints,andgeopolitical

disturbances.Moreover,

mininginecologically

delicateor

indigenousregions

hasraised

opposition

and,

with

that,haspresented

additionalhurdlesfortheindustry.Thefutureof

thecoal

industryremains

unpredictable.

Thisindustrywill

beshapedbyglobal

economic

dynamics,coal

pricetrends,technologicalinnovations,andthegrowth

of

alternative

energy

sources.

Companies

will

needtoprioritize

environmental

stewardship

and

community

engagement

whileharnessing

technology

to

improve

operational

efficiency.

Tomeet

energy

needs

intheupcoming

years,

itis

likely

thattheindustrywill

need

to

diversify

itscoalportfolio

andexplore

untapped

reserves.TheCOVID-19

pandemichasimpacted

thecoal

industryintheform

of

supply17Sources:Market

Insights

2023Exploring

the

diversity

of

the

Coal

marketMarket

DefinitionMarket

DefinitionTheCoalmarket

encompasses

the

extraction

andprocessing

of

three

distincttypesofcoal:

steamcoal,coking

coal,

and

lignite.

Eachtypehasitsuniqueapplicationsandproperties.

Steam

coal,alsoknown

as

thermal

coal,is

chieflyutilizedinpower

plants

forelectricity

generation

duetoitscombustible

nature.Cokingcoal,

ontheotherhand,possesses

specific

properties

thatmake

itessential

intheproduction

ofsteel,

serving

asacritical

component

intheblastfurnaceprocess.

Lignite,often

referred

toasbrown

coal,is

primarily

usedinpower

generation,

but

itslow-grade

qualityalsomakes

itsuitableforproducingsyntheticfuels.

Asacornerstone

ofindustrialoperations,

these

coal

typesplaypivotal

roles

invarious

sectors,

thereby

meeting

energy

needsandsupportingmanufacturingprocesses.Themarket

comprises

production

andproduction

growth

rates.Dataisonly

provided

forthecountries

thatareactiveintheabove-mentionedmarkets.Themarkets

only

displayB2B

production.18Sources:Market

Insights

2023Projected

growth

in

the

Coal

marketfor

the

coming

yearsKey

TakeawaysKeyTakeawaysInscopeOutof

scopeProduction

intheCoalmarket

isprojected

toamountto8.17tn

kgin2023.Anannualgrowth

rateof5.39%

isexpected

(CAGR2023-2028).Thismarket

includes:•SteamcoalThismarket

excludes:•Bituminouscoal•CokingCoal•Lignite•Coalderivatives

(activatedcarbon)•Coalby-products19Sources:Market

Insights

2023Itis

estimated

that

production

output

in

the

Coal

market

will

increase

at

aCAGR(1)

of

3.4%

from

2018

to

2028ProductionProduction

intrillion

kilograms10.62+3.4%(1)10.069.579.098.628.177.847.777.637.717.362018201920202021202220232024202520262027202820

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023With

a

production

output

of

5794.0

billion

kilograms,

Asia’s

market

wasthebiggest

among

the

selected

regions

in

2023ProductionProduction

inbillionkilograms+6.1%(1)7,801.385,793.98+4.4%(1)+2.8%(1)730.312028+2.9%(1)608.302028+3.2%(1)1,166.28940.03636.47527.36270.002023316.362028202320282023202320282023EuropeAfricaAmericasAsiaAustralia&Oceania21

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023With

a

production

output

of

3944.0

billion

kilograms,

China’s

market

was

thebiggest

among

the

selected

countries

in

2023ProductionProduction

inbillionkilograms+5.7%(1)5,193.013,944.05+8.0%(1)+2.6%(1)581.79+2.9%(1)604.821,352.62+2.6%(1)920.872023511.88524.43106.302023121.0120282023202820232028202320282028ChinaUnited

StatesGermanyAustraliaIndia22

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023Revenues

of

the

top

companies

in

the

Coal

market

(worldwide

&

consolidated)Company

RevenuesRevenues

inbillionUS$Company20182019202020212022Adani

EnterprisesAdaroEnergyAngloAmericanBHP6.133.465.332.548.963.993.6228.9344.291.258.135.8665.129.8738.9231.2656.920.7943.3365.1Bumi

ResourcesChina

Coal

EnergyChina

ShenhuaCoal

India1.111.8532.1537.634.8340.7333.774.6248.5850.3314.12203.873.3215.69Glencore142.342.88256.354.98Peabody

Energy5.5823Sources:Market

Insights

2023MARKET

NUMBERSCrude

PetroleumDynamics

and

challenges

in

the

Crude

Petroleum

marketSummarySummaryWithintheminingindustry,theCrudePetroleum

market

ispivotal.

Yet,

itgrappleswith

anarray

ofchallenges.

Environmental

repercussions

such

aswater

pollution,greenhouse

gasemissions,

andhabitatdisruptionpresent

significantconcerns.Occupational

hazards,rangingfrom

accidentsto

prolonged

exposure

to

harmfulchemicals,

are

persistent

risks.

Fluctuating

global

oil

prices,

strictregulatoryconstraints,andgeopolitical

tensions

furthercomplicate

thelandscape.Notably,operations

inecologically

delicate

zones

or

territories

with

indigenousinhabitantsoften

prompt/incite/generate

substantialsociopolitical

resistance.significantinfrastructuredamageled

tosweeping

manufacturingshutdowns.

Thefutureoutlook

ofthecrudepetroleum

industrywithinmining

will

hingeondiverse

factors.

External

factorssuchas

globaleconomic

health,technologicalevolution,

andemergent

markets

will

playinfluentialroles.

Astheindustryevolves,

therewill

beanimperative

toprioritize

green

initiatives,embraceadvanced

technologies

forheightened

efficiency,

and

diversify

theportfolio

ofextracted

resources

tomeet

thedemandsof

progressive

technologies.TheCOVID-19

pandemicseverely

impacted

the

sector

bymeansof

disruptingsupplychains,reducing

oil

demand,and

haltingdrillingdueto

healthandsafetyconcerns.

These

created

lowered

oil

prices

and

revenue

losses.

Additionally,theUkraine

conflict,particularlyinitsresource-rich

eastern

regions,

placed

additionalstrainon

theindustry.Disrupted

supplychains,heightened

security

risks,and25Sources:Market

Insights

2023Exploring

the

diversity

of

the

Crude

Petroleum

marketMarket

DefinitionMarket

DefinitionTheCrudePetroleum

market

covers

theproductionof

the

items

crudeoil,oilsands,andoil

shales.

Oilsandsare

atype

of

crudeoil

foundinsandand

rockformations.

Oil

shalesaresedimentary

rocks

thatcontainorganic

materials;

thesematerials

canbeprocessed

intooil.Themarket

comprises

production

andproduction

growth

rates.Dataisonly

provided

forthecountries

thatareactiveintheabove-mentionedmarkets.Themarkets

only

displayB2B

production.These

resources

are

extracted

throughdrillingandothermethods

andarerefined

into

avariety

ofproducts,includinggasoline,

diesel

fuel,and

otherpetroleum-based

products.26Sources:Market

Insights

2023Projected

growth

in

the

Crude

Petroleum

marketfor

the

coming

yearsKey

TakeawaysKeyTakeawaysInscopeOutof

scopeProduction

intheCrudePetroleum

market

isprojected

toamountto4.74tn

kgin2023.Thismarket

includes:Thismarket

excludes:Anannualgrowth

rateof3.83%

isexpected

(CAGR2023-2028).•Petroleum•NaturalGas•CoalandCoalProducts•OilShales•OilSands(partofPetroleum)•OilShales•Asphalt•ParaffinWax27Sources:Market

Insights

2023Itis

estimated

that

production

output

in

the

Crude

Petroleum

market

willincrease

at

a

CAGR(1)

of

2.4%

from2018

to

2028ProductionProduction

intrillion

kilograms5.72+2.5%(1)5.495.305.104.924.744.494.514.534.534.262018201920202021202220232024202520262027202828

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023With

a

production

output

of

1994.0

kilograms,

Asia’s

market

was

the

biggestamong

selected

regions

in

2023ProductionProduction

inbillionkilograms+4.5%(1)2,489.03+3.1%(1)1,902.281,993.951,635.85+2.9%(1)875.32+5.6%(1)421.23759.18+2.9%(1)320.7626.82202331.00202820232028202320282023202820232028EuropeAfricaAmericasAsiaAustralia&Oceania29

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023With

a

production

output

of

809.6

kilogram,

the

U.S.

had

the

biggest

marketamong

selected

countries

in

2023ProductionProduction

inbillionkilograms+2.6%(1)920.22809.64+5.7%(1)284.25215.892023+8.0%(1)54.802028+2.9%(1)23.732023+2.7%(1)37.3127.372.342.672028202320282023202820282023ChinaUnited

StatesGermanyAustraliaIndia30

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023Revenues

of

the

top

companies

in

the

Crude

Petroleum

market

(worldwide

&consolidated)Company

RevenuesRevenues

inbillionUS$Company20182019202020212022BP298.76141.7279.59159.3194.69105.94162.4645.82178.5788.8977.95280.240.86157.74237.6790.92242.06141.72150.81402.22ChevronEquinor64.36Exxon

Mobil279.33132.5255.58120.88121.31364.311.06276.69142.52128.08405.391.8GazpromLukoil127.89PetrochinaSaudiAramcoBase

Oil

CompanyShell388.38184.11344.88176.25180.54119.7261.5386.2TotalEnergies184.63263.5431Sources:Market

Insights

2023MARKET

NUMBERSMetal

OresDynamics

and

challenges

in

the

Metal

Ores

marketSummarySummaryTheMetal

Ores

market

isbeset

byenvironmental,

health,andeconomicchallenges.

Mining

cancausedeforestation,

pollution,and

habitatloss.

Minersfacesafety

risksandexposure

to

toxins.

Themarket's

volatility

isinfluenced

byglobal

prices,

regulations,

geopolitical

issues,

and

demand-supply

shifts.Additionally,andasbothprintjournalismandsocial

media

indicate,mining

insensitive

areas

generates

social

andpolitical

opposition.Looking

ahead,theoutlook

ofthemetal

ores

industryisrifewith

uncertainty.

Themarket's

futurewill

bedictatedbyglobal

economic

health,trendsincommodityprices,

and

technological

innovations.

Astheindustryevolves,

miningcompanieswill

bepressed

to

prioritize

environmental

andsocial

sustainabilityand

harnesscutting-edge

technologies

toenhanceefficiency

while

minimizing

ecologicalimpact.Simultaneously,

theshifttowards

greener

technologies

and

sustainableinfrastructurewill

require

diversification

inmetal

ore

exploration

and

production.Recent

events,

includingtheCOVID-19

pandemicandtheUkraine

conflict,haveimpacted

theMetal

Ores

market

significantly.Thepandemic

disruptedmetalsupplychains,reduced

demand

theautomotive

sector,

among

others,

andcaused

operational

pauses.

These

challenges,

combined

with

Ukraine's

miningdisruptions,haveled

to

production

delays,price

drops,andrevenue

losses

intheindustry.33Sources:Market

Insights

2023Exploring

the

diversity

of

the

Metal

Ores

marketMarket

DefinitionMarket

DefinitionTheMetal

Ores

market

encompasses

theextraction

and

production

of36

distinctitems,

comprising

notonly

prevalent

metallic

elements

suchasiron,aluminum,copper,

gold,and

silver

butalsorarer

elements

suchasvanadium

and

tantalum.These

metals

originatefrom

various

miningmethodologies,

includingintricateunderground

mining

systems

and

expansive

open-pit

miningterrains.

Onceprocessed,

theyserve

asfoundationalmaterials

inamyriad

ofindustries.

Forinstance,theconstruction

sector

relies

heavily

on

iron

andsteel

forbuildinginfrastructure,

whereas

theautomotive

industryusesacombination

ofmetals

tomanufacturevehicle

components.

Intheelectronics

sector,

gold

and

copper

arecrucial

forcircuitry

anddevice

manufacturing,highlighting

themetal

oresmarket's

critical

role

intheglobal

industriallandscape.Themarket

comprises

production

andproduction

growth

rates.Dataisonly

provided

forthecountries

thatareactiveintheabove-mentionedmarkets.Themarkets

only

displayB2B

production.34Sources:Market

Insights

2023Projected

growth

in

the

Metal

Ores

marketfor

the

coming

yearsKey

TakeawaysKeyTakeawaysInscopeOutof

scopeProduction

intheMetal

Ores

market

isprojected

to

amount

to2.24tn

kgin2023.Anannualgrowth

rateof4.64%

isexpected

(CAGR2023-2028).Thismarket

includes:•Ferrous

metals•Non-Ferrous

metals•Precious

metals•AlkalimetalsThismarket

excludes:•Uranium•Heavy

metals35Sources:Market

Insights

2023Itis

estimated

that

production

output

in

the

Metal

Ores

market

will

increase

at

aCAGR(1)

of

3.5%

from

2018

to

2028ProductionProduction

inbillionkilogram2.812.67+3.5%(1)2.562.452.342.242.152.142.052.031.992018201920202021202220232024202520262027202836

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarket

Insights

2023With

a

production

output

of

727.4

kilograms,

Australia

&

Oceania’s

market

wasthe

biggest

among

selected

regions

in

2023ProductionProduction

inbillionkilograms+6.6%(1)991.77+2.9%(1)838.96720.32727.37+3.2%(1)505.49+5.6%(1)249.07431.33+5.5%(1)220.05189.45168.0420232028202320282023

2028Amer