The global Raw Minerals Market, encompassing iron ore, bauxite, copper ore, phosphate rock, and other base materials, was valued at approximately USD 1.13 trillion in 2024, reflecting a CAGR of around 5.5% during the period. This growth is driven by escalating demand for foundational commodities across infrastructure, automotive, renewable energy, and construction sectors. Asia-Pacific remains the dominant region, responsible for over 66% of global raw mineral extraction, supported by extensive mining operations in China, Australia, and India. Key demand drivers include urban expansion, steel and aluminum consumption in electric vehicles and construction, and fertilizer production fueled by rising agricultural needs.
Raw Minerals overview
Published by MMR Statistics Research Team, Updated