Base Metals Mining Market, Growth, Trends, Covid-19 Impact, And Forecast 2032
Base metals, including copper, aluminum, zinc, lead, and nickel, are vital components in various industries, playing a pivotal role in driving economic growth worldwide. The base metals mining market is an essential sector that supplies these metals to industries such as construction, automotive, electronics, and infrastructure development. In this article, we will delve into the significance of the base metals mining market, its impact on the global economy, and its future prospects. Base Metals Mining Market Size was valued at USD 109.90 billion in 2023. The base metals mining industry is projected to grow from USD 131.88 Billion in 2024 to USD 472.60 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.30% during the forecast period (2024 - 2032). Increased demand for base metals by the building and construction industries as a result of increased urbanization and infrastructure development, and an increase in the number of construction activities are the k