Specialty Metals and Minerals Market is expected to reach US$ 12.2 billion by 2031 | Major Companies - Alcoa Corporation, BHP Group, Rio Tinto, Vale S.A., Anglo American plc

Market Size and Growth:

The Global Specialty Metals and Minerals Market size reached US$ 7.9 billion in 2023 and is expected to reach US$ 12.2 billion by 2031, growing with a CAGR of 7.4% during the forecast period 2024-2031.

The Specialty Metals and Minerals Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Specialty Metals and Minerals Market encompasses high-performance metallic and mineral materials engineered for advanced industrial applications. These materials offer superior strength, conductivity, corrosion resistance, and thermal stability, serving sectors such as aerospace, electronics, renewable energy, automotive, healthcare, and defense, where precision, durability, and regulatory compliance are critical.

Recent Key Developments of United States:

✅ November 2025: The critical minerals market showed robust financing trends, building on Q4 momentum with sustained investor interest in base and specialty metals amid elevated prices.​
US government initiatives continued to emphasize domestic production security through policy updates and partnerships.

✅ October 2025: The US Geological Survey released an expanded 2025 List of Critical Minerals on November 5, adding ten commodities including copper, silver, uranium, potash, lead, and metallurgical coal to address supply vulnerabilities.​
Exploration activity reached multiyear highs with the Pipeline Activity Index up 21% month-over-month, driven by surging gold and base metals prices alongside record industry market capitalization.

✅ September 2025: Global demand for scandium tightened amid China's export controls, prompting the US to consider a $5 billion strategic metals fund through the International Development Finance Corporation and Orion Resource Partners to finance critical mineral projects.​
This reflects intensified efforts to diversify supply chains from China for specialty raw materials essential to military and industrial sectors.​​​

Recent Key Developments of Japan:

✅ November 2025: Commercial imports of dysprosium and terbium from Lynas commenced via Sojitz-JOGMEC's JARE venture, establishing the world's only operational heavy rare earth chain outside China.​
Japan pursued deep-sea mining at Minamitorishima for long-term supply security while enhancing recycling for circular economy integration.

✅ October 2025: Japan and the US signed a framework agreement on October 27-28 to secure critical minerals and rare earths supply chains through joint financing, stockpiling, and a Rapid Response Group led by energy ministries.​
The deal targets mining, processing, and permanent magnets to reduce China dependence for defense and clean energy applications.

✅ September 2025: Japan advanced heavy rare earth supply diversification, with ongoing investments in non-Chinese sources like Lynas facilities amid tightening global demand.​
Efforts focused on building operational independence for automotive and robotics sectors reliant on these materials.​​​

List of the Key Players in the Specialty Metals and Minerals Market:

Alcoa Corporation
BHP Group
Rio Tinto
Vale S.A.
Anglo American plc
Norsk Hydro
Glencore
Freeport-McMoRan Inc.
Sumitomo Metal Mining Co., Ltd.
Lynas Rare Earths Limited

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Specialty Metals and Minerals Market:

By Type: Metals, Minerals, Others.

By Application: Electronics, Construction, Aerospace, Manufacturing, Medical, Mining, Automotive, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Specialty Metals and Minerals market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Specialty Metals and Minerals Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Specialty Metals and Minerals market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Specialty Metals and Minerals Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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