Base Metal Mining Market - Opportunity Assessment 2015 - 2023 Base Metal Mining Market | Page 2

in the next few years. However, issues such as resource nationalism and the
requirement of social license to operate in resource-rich regions will pose difficulties
for companies operating in the global base metal mining market in the years to
come.
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Asia Pacific to Dominate Global Consumption
Asia Pacific holds a prominent position in the global market for base metal mining.
The region is the largest consumer of base metals on account of the excellent
development across the industrial and manufacturing sectors, especially in
countries like India and China. The region accounted for a share of nearly 63% in
the global base metal mining market in 2014 and is expected to strengthen its
position further in the years to come as well.
In the Asia Pacific base metal mining market, China held a share of nearly 45% in
the market and is expected to expand at a favorable 7% CAGR from 2015 to 2023.
In India, the market will exhibit a 6.49% CAGR over the same period and emerge as
another prominent consumer for base metals, next to Australia. Infrastructure
development activities in India will require increased volumes of base metals in the
next few years, driving the base metals mining market.
On a whole, the global base metal mining market is expected to expand at a 5.01%
CAGR from 2015 to 2023, in terms of volume, and rise from 103.33 MMT in 2014 to
160.19 MMT by 2023.
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