GITNUX MARKETDATA REPORT 2024

Mining Statistics: Market Report & Data

In this post, we will explore a comprehensive overview of the mining industry, backed by a collection of intriguing statistics that highlight its vast impact on the global economy and various regions around the world. From impressive contributions to GDP figures to insights on mineral production, market size, environmental implications, and workforce demographics, these statistics shed light on the significant role that mining plays in shaping economies and livelihoods worldwide. Join us as we delve into the fascinating world of mining through a statistical lens.

Statistic 1

"The mining industry contributed about $1.9 trillion to the global economy in 2018."

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Statistic 2

"Mining contributes 11% of the global GDP in terms of industry."

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Statistic 3

"DRC (Democratic Republic of Congo) holds over 64% of the world’s cobalt reserves."

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Statistic 4

"The largest mining companies in the world generated revenues of more than $683 billion in 2020."

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Statistic 5

"In 2019, China was the world's leading miner in terms of mineral production value at USD 626 billion."

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Statistic 6

"The global mining waste market is expected to grow by USD 76.99 billion during 2020-2024."

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Statistic 7

"The world's deepest mine, located in South Africa, reaches approximately 4 kilometers below the earth's surface."

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Statistic 8

"Approximately 70% of the world's rare earth elements are produced by China."

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Statistic 9

"The mining industry in India employs over 700,000 people."

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Statistic 10

"The global mining equipment market size was valued at USD 144.37 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.7% from 2021 to 2028."

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Statistic 11

"Women make up about 16% of the workforce in the mining industry globally."

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Statistic 12

"Canada ranks as the world's fifth-largest mineral producer."

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Statistic 13

"In 2019, mining activities in the U.S. were responsible for 5.1 million metric tons of carbon dioxide emissions."

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Statistic 14

"The estimated value of non-fuel minerals produced in the United States is $82.3 billion in 2020."

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Statistic 15

"The mining industry accounts for more than 80% of Alaska's income and employs over 8,700 people."

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Statistic 16

"More than 90% of U.S. cobalt supplies are imported."

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Statistic 17

"In 2020, the average price of gold reached an all-time high at around USD 2,067 per ounce."

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Statistic 18

"Illegal mining activities result in the loss of approximately $2.4 billion in revenues for Peru annually."

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Statistic 19

"The mining sector in Australia accounts for around 10.4% of the country’s GDP."

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Statistic 20

"15 of the world's largest mining companies account for about 83% of the total market cap in the industry."

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The mining industry plays a significant role in the global economy, with impressive contributions such as generating over $1.9 trillion in 2018 and accounting for 11% of the global GDP. Countries like the DRC and China hold substantial reserves and production values, showcasing the industry’s reach and impact. However, challenges such as environmental concerns and illegal activities highlight the need for responsible mining practices. As the sector continues to grow and innovate, it remains a crucial driver of economic prosperity and employment opportunities worldwide.

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