Global Trends in Mineral Production

The British Geological Survey's "World Mineral Production 2018 to 2022" report reveals notable trends in the global mining industry, including a significant uptick in the production of zirconium, lithium, and cobalt. These increases, which surpass 20% year-over-year growth for each mineral, are driven by their growing importance in technologies crucial for the green transition, such as electric vehicles and clean energy solutions. The report also discusses the downturn in mercury production and the ongoing decline in antimony production in China, reflecting shifting priorities and resources in global mineral exploitation.

In Canada, this global trend towards critical minerals aligns with national strategic initiatives. The Canadian government has launched a substantial $3.8-billion Critical Minerals Strategy aimed at enhancing the production and processing of essential minerals like lithium, cobalt, and nickel. This strategy is part of a broader effort to position Canada as a leading supplier for the global clean energy transition, underpinned by investments across the critical minerals value chain from exploration to recycling. This initiative reflects Canada's significant role in the global mineral market, supported by a diverse portfolio of mineral production that is vital for various high-tech applications​ (StatCan)

These developments highlight a growing international focus on securing and diversifying supplies of essential minerals. This shift is influenced by increasing geopolitical tensions and a global push towards sustainability, which places a premium on minerals that support clean energy and technology sectors. As nations like Canada advance their capabilities and policies around mineral production, the global landscape for these resources continues to evolve, emphasizing the need for sustainable extraction and processing practices to support the burgeoning demand​ (S&P Global)​.