Learn about the global metal ore market through The Business Research Company, which provides information on metal ore market size, metal ore market drivers and restraints, metal ore market players, the COVID-19 impact on the metal ore market, and more.

The global metal ore market size is expected to grow from $417.68 billion in 2021 to $478.85 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The global metal ores market size is expected to grow to $831.22 billion in 2026 at a CAGR of 14.8%.

The presence of large metal ore reserves globally supported the metal ore mining activities.

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The metal ore market consists of sales of metal ores and concentrates by entities (organizations, sole traders and partnerships) that mine metallic mineral ores. The industry includes establishments developing mine sites, ore dressing, and other beneficiating operations such as crushing, grinding, washing, drying, sintering, concentrating, calcining, and leaching.

Global metal ore market segments include:

By Type: Gold Ore, Iron Ore, All Other Metal Ores, Silver Ore, Uranium Ore, Vanadium Ore

By Organisation Size: Large Enterprises, Small And Medium Enterprises

By Form: Sinter Fines, Lumps, Pellets, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the metal ore market in 2021.

Mining companies are starting to use cognitive computing to enhance the decision-making capabilities in mining operations. The ability of cognitive computing to give insights on future trends of the industry and make real-time decisions are some of the driving factors for mining companies to implement this technology. The key areas where cognitive computing and predictive technology helps mining companies include giving accurate information on drilling locations, depth to be drilled, predicting the equipment failure in advance and autonomous transportation.

TBRC’s metal ore market report covers:

Major Market Players: Vale S.A., Rio Tinto, BHP Group, Anglo American plc, Fortescue Metals Group Limited, Barrick Gold Corp, Newmont Corporation, Lonmin, Glencore International and AngloGold Ashanti Limited.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Metal Ore Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides metal ore market overviews, analyzes and forecasts market size, share, metal ore market players, metal ore market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s metal ore market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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