Press release
Global Base Metals Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2024-2032
Base metals, primarily including copper, zinc, nickel, aluminium, and lead, are fundamental to the functioning of the modern world. They serve as key raw materials in infrastructure development, the manufacturing of electronics, transportation, and myriad other applications. Their properties - from aluminium's lightweight nature, making it ideal for transport applications, to copper's excellent conductivity, critical for electrical components - are foundational to our contemporary technological landscape.
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A surge in urbanisation and the subsequent demand for infrastructure development is significantly driving the global base metals market growth. As emerging economies focus on developing smart cities, the need for base metals in construction, electricity distribution, and urban transportation infrastructure is skyrocketing. Furthermore, rapid technological advancements are creating a robust demand for base metals, especially in the electronics sector. With an ever-increasing consumer appetite for electronic gadgets, from smartphones to electric vehicles, the indispensability of base metals, particularly copper and nickel, is accentuated.
Furthermore, the automotive industry's transformative shift towards electric vehicles (EVs) has ushered in a new era of demand for base metals. As EVs rely heavily on batteries, which in turn are dependent on metals like nickel and aluminium, the momentum of the base metals market expansion is steady. Additionally, the global emphasis on reducing carbon footprints and making transportation eco-friendly propels the demand for lightweight aluminium in automobile production, accentuating fuel efficiency.
The diverse utility of base metals across sectors has further bolstered the base metals market demand. For instance, in the healthcare sector, copper's inherent antimicrobial properties make it a preferred choice for fixtures, reducing the risk of disease transmission. On the other hand, zinc, due to its anti-corrosive nature, finds extensive application in the galvanisation of steel, extending the longevity of steel structures and products.
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Market Segmentation
The market can be divided based on metal type, source, end-user industry, and region.
Market Breakup by Metal Type
Iron
Copper
Lead
Aluminium
Zinc
Nickel
Others
Market Breakup by Source
New Production
Recycled
Market Breakup by End-User Industry
Construction
Automotive and Transportation
Consumer Goods
Manufacturing
Energy
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global base metals market. Some of the major players explored in the report by Expert Market Research are as follows:
Vale S.A
Rio Tinto Ltd
Fortescue Metal Group
China Hongqiao Group Ltd
United Company RUSAL
Emirates Global Aluminium PJSC
Alcoa Corporation
Anglo American plc
Antofagasta plc
BHP Group Limited
Codelco
Freeport-McMoRan Inc.
First Quantum Minerals Ltd.
Glencore plc
Jiangxi Copper Corporation
Lundin Mining Corporation
Others
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