The metals and minerals sector is a vital part of the global economy, providing essential raw materials used across industries such as construction, manufacturing, energy, and technology. This sector includes the extraction and processing of key metals like steel, aluminum, copper, and precious minerals such as gold and lithium. In 2024, the global metals and minerals industry was valued at approximately $2.5 trillion, contributing around 2.5% of global GDP and employing over 15 million people globally.

The sector is projected to grow at a CAGR of 4%, reaching $3.6 trillion by 2030, driven by increasing demand for sustainable energy solutions, electric vehicles, and advanced manufacturing technologies. Key players in the metals and minerals sector include China, the world’s largest producer and consumer of metals; Australia, a major exporter of iron ore, coal, and gold; and Brazil, known for its vast reserves of iron ore and other minerals. This sector remains critical to the global supply chain and industrial development.