Global Critical Mineral Market
Description
Global Critical Mineral Market
Global Critical Mineral Market By Mineral Type (Copper, Lithium, Nickel, Cobalt, Graphite, Rare Earth Elements (REEs)), By Application (Agriculture, Automotive, Electronics, Telecommunications, Energy, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2023 to 2034
The global Critical Mineral market was valued at $325.3 Billion in 2023 and is anticipated to grow at a CAGR of 5.73% from 2023 to 2034. This growth is attributed to several macro and microeconomic factors such as
Increasing demand for Electric vehicles
The increasing demand for electric vehicles (EVs) is a significant driver of the global critical mineral market. EVs rely heavily on critical minerals like lithium, cobalt, nickel, and rare earth elements for their batteries and electric motors. As the global shift towards electric mobility accelerates, driven by environmental concerns and government policies, the demand for these critical minerals is surging. This increased demand is stimulating exploration, mining, and processing activities, driving the growth of the critical mineral market.
Further several factors restraining the market growth include
Long project lead times
One significant challenge facing the global critical mineral market is the long project lead times associated with mining and refining operations. The process of identifying mineral deposits, conducting feasibility studies, obtaining necessary permits, and constructing mining and processing facilities is often time-consuming, typically spanning several years. These long lead times make it difficult to quickly respond to fluctuations in demand, potentially leading to supply shortages or surpluses. Additionally, geopolitical factors, regulatory hurdles, and environmental concerns can further delay project timelines, exacerbating the issue of supply chain disruptions and price volatility.
Advances in extraction technologies and battery recycling processes and collaborations and alliances in the Critical Mineral market are expected to generate higher avenues during the forecast period.
In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Critical Mineral market. The pandemic has caused a decline in new orders and a corresponding decrease in production.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Critical Mineral.
In terms of COVID-19 impact, the Critical Mineral market report also includes the following data points:
Impact on Critical Mineral market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Critical Mineral market
Key Insight in the report:
The global Critical Mineral market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Mineral Types.
Our report covers extensive competitive intelligence which includes the following data points:
Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Critical Mineral Market Segmentation:
Mineral Type
Copper
Lithium
Nickel
Cobalt
Graphite
Rare Earth Elements (REEs)
Application
Agriculture
Automotive
Electronics
Telecommunications
Energy
Others
Region/ Countries Covered:
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Nordic
BeNeLux
Russia
Rest of Europe
Asia Pacific
China
Australia
India
Japan
South Korea
Malaysia
Indonesia
Rest of Asia Pacific
South America
Brazil
Argentina
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa
Key Players Analyzed in the Report:
RIO TINTO
Vale
Glencore
Freeport-McMoRan
Anglo American plc
Albemarle Corporation
Lynas Rare Earths Ltd
Barrick Gold Corporation
BHP
SQM S.A.
Table of Contents
111 Pages
- CHAPTER 1. Executive Summary
- CHAPTER 2. Scope of the Study
- 2.1. Market Definition
- 2.2. Market Scope & Segmentation
- 2.2.1. Objective of Report
- CHAPTER 3. Evolve BI Methodology
- 3.1. Data Collection & Validation Approach
- 3.2. Market Size Estimation and Forecast
- CHAPTER 4. Market Insights and Trends
- 4.1. Value Chain Analysis
- 4.1.1. Exploration and Mining
- 4.1.2. Mineral Processing and Concentration
- 4.1.3. Refining and Metal Production
- 4.1.4. End-User
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Bargaining Power of Buyers
- 4.2.2. Bargaining Power of Suppliers
- 4.2.3. Threat of New Entrant
- 4.2.4. Threat of Substitute
- 4.2.5. Industry Rivalry
- 4.3. Macro Economical Factor
- CHAPTER 5. Market Dynamics
- 5.1. Introduction
- 5.2. Drivers
- 5.2.1. Increasing demand for Electric vehicles
- 5.2.2. Investment in Clean Technologies
- 5.2.3. Investment in Exploration and Production
- 5.3. Restraints
- 5.3.1. Long Project Lead Times
- 5.3.2. Price Volatility
- 5.4. Opportunity
- 5.4.1. Advances in extraction technologies and battery recycling processes
- 5.4.2. Development of Derivatives Markets
- 5.4.3. Adoption of AI and Blockchain
- CHAPTER 6. Global Critical Mineral Market, By Mineral Type
- 6.1. Introduction
- 6.1.1. Copper
- 6.1.2. Lithium
- 6.1.3. Nickel
- 6.1.4. Cobalt
- 6.1.5. Graphite
- 6.1.6. Rare Earth Elements (REEs)
- CHAPTER 7. Global Critical Mineral Market, By Application
- 7.1. Introduction
- 7.1.1. Agriculture
- 7.1.2. Automotive
- 7.1.3. Electronics
- 7.1.4. Telecommunications
- 7.1.5. Energy
- 7.1.6. Others
- CHAPTER 8. Global Critical Mineral Market, By Region
- 8.1. Introduction
- 8.2. North America
- 8.2.1. North America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
- 8.2.2. North America: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.2.3. North America: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.2.4. US
- 8.2.4.1. US: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.2.4.2. US: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.2.5. Canada
- 8.2.5.1. Canada: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.2.5.2. Canada: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.2.6. Mexico
- 8.2.6.1. Mexico: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.2.6.2. Mexico: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3. Europe
- 8.3.1. Europe: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
- 8.3.2. Europe: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.3. Europe: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3.4. U.K.
- 8.3.4.1. U.K.: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.4.2. U.K.: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3.5. Germany
- 8.3.5.1. Germany: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.5.2. Germany: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3.6. France
- 8.3.6.1. France: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.6.2. France: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3.7. Italy
- 8.3.7.1. Italy: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.7.2. Italy: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3.8. Nordic
- 8.3.8.1. Nordic: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.8.2. Nordic: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3.9. BeNeLux
- 8.3.9.1. BeNeLux: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.9.2. BeNeLux: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3.10. Russia
- 8.3.10.1. Russia: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.10.2. Russia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.3.11. Rest of Europe
- 8.3.11.1. Rest of Europe: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.3.11.2. Rest of Europe: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
- 8.4.2. Asia Pacific: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.3. Asia Pacific: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4.4. China
- 8.4.4.1. China: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.4.2. China: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4.5. Japan
- 8.4.5.1. Japan: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.5.2. Japan: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4.6. Australia
- 8.4.6.1. Australia: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.6.2. Australia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4.7. India
- 8.4.7.1. India: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.7.2. India: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4.8. South Korea
- 8.4.8.1. South Korea: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.8.2. South Korea: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4.9. Malaysia
- 8.4.9.1. Malaysia: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.9.2. Malaysia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4.10. Indonesia
- 8.4.10.1. Indonesia: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.10.2. Indonesia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.4.11. Rest of Asia Pacific
- 8.4.11.1. Rest of Asia Pacific: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.4.11.2. Rest of Asia Pacific: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.5. South America
- 8.5.1. South America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
- 8.5.2. South America: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.5.3. South America: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.5.4. Brazil
- 8.5.4.1. Brazil: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.5.4.2. Brazil: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.5.5. Argentina
- 8.5.5.1. Argentina: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.5.5.2. Argentina: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.5.6. Chile
- 8.5.6.1. Chile: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.5.6.2. Chile: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.5.7. Rest of South America
- 8.5.7.1. Rest of South America: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.5.7.2. Rest of South America: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.6. Middle East & Africa
- 8.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
- 8.6.2. Middle East & Africa: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.6.3. Middle East & Africa: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.6.4. Saudi Arabia
- 8.6.4.1. Saudi Arabia: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.6.4.2. Saudi Arabia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.6.5. UAE
- 8.6.5.1. UAE: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.6.5.2. UAE: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.6.6. South Africa
- 8.6.6.1. South Africa: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.6.6.2. South Africa: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 8.6.7. Rest of Middle East & Africa
- 8.6.7.1. Rest of Middle East & Africa: Market Size and Forecast, By Mineral Type, 2021 – 2034 ($ Million)
- 8.6.7.2. Rest of Middle East & Africa: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- CHAPTER 9. Competitive Landscape
- 9.1. Competitior Benchmarking 2023
- 9.2. Market Share Analysis, 2022
- 9.3. Key Developments Analysis By Top 5 Companies
- 9.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
- CHAPTER 10. Company Profiles
- 10.1. RIO TINTO
- 10.1.1. Business Overview
- 10.1.2. Financial Analysis
- 10.1.2.1. Business Segment Revenue, 2023
- 10.1.2.2. Geographic Revenue Mix, 2023
- 10.1.3. Product Portfolio
- 10.1.4. Recent Development and Strategies Adopted
- 10.1.5. SWOT Analysis
- 10.2. Vale
- 10.2.1. Business Overview
- 10.2.2. Financial Analysis
- 10.2.2.1. Business Segment Revenue, 2023
- 10.2.2.2. Geographic Revenue Mix, 2023
- 10.2.3. Product Portfolio
- 10.2.4. Recent Development and Strategies Adopted
- 10.2.5. SWOT Analysis
- 10.3. Glencore
- 10.3.1. Business Overview
- 10.3.2. Financial Analysis
- 10.3.2.1. Business Segment Revenue, 2023
- 10.3.2.2. Geographic Revenue Mix, 2023
- 10.3.3. Product Portfolio
- 10.3.4. Recent Development and Strategies Adopted
- 10.3.5. SWOT Analysis
- 10.4. Freeport-McMoRan
- 10.4.1. Business Overview
- 10.4.2. Financial Analysis
- 10.4.2.1. Business Segment Revenue, 2023
- 10.4.2.2. Geographic Revenue Mix, 2023
- 10.4.3. Product Portfolio
- 10.5. Anglo American plc
- 10.5.1. Business Overview
- 10.5.2. Financial Analysis
- 10.5.2.1. Business Segment Revenue, 2023
- 10.5.2.2. Geographic Revenue Mix, 2023
- 10.5.3. Product Portfolio
- 10.5.4. Recent Development and Strategies Adopted
- 10.5.5. SWOT Analysis
- 10.6. Albemarle Corporation
- 10.6.1. Business Overview
- 10.6.2. Financial Analysis
- 10.6.2.1. Business Segment Revenue, 2023
- 10.6.2.2. Geographic Revenue Mix, 2023
- 10.6.3. Product Portfolio
- 10.6.4. Recent Development and Strategies Adopted
- 10.6.5. SWOT Analysis
- 10.7. Lynas Rare Earths Ltd
- 10.7.1. Business Overview
- 10.7.2. Financial Analysis
- 10.7.3. Product Portfolio
- 10.7.4. Recent Development and Strategies Adopted
- 10.8. Barrick Gold Corporation
- 10.8.1. Business Overview
- 10.8.2. Financial Analysis
- 10.8.2.1. Business Segment Revenue, 2023
- 10.8.2.2. Geographic Revenue Mix, 2023
- 10.8.3. Product Portfolio
- 10.8.4. Recent Development and Strategies Adopted
- 10.9. BHP
- 10.9.1. Business Overview
- 10.9.2. Financial Analysis
- 10.9.2.1. Business Segment Revenue, 2024
- 10.9.2.2. Geographic Revenue Mix, 2024
- 10.9.3. Product Portfolio
- 10.10. SQM S.A.
- 10.10.1. Business Overview
- 10.10.2. Financial Analysis
- 10.10.2.1. Business Segment Revenue, 2023
- 10.10.2.2. Geographic Revenue Mix, 2023
- 10.10.3. Product Portfolio
- 10.10.4. Recent Development and Strategies Adopted
Pricing
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