Demand for Strategic Minerals on the Rise
According to the Global Mining Development Report 2025, demand for strategic emerging minerals is on the increase due to the global energy transition.
The report, released by the Ministry of Natural Resources, highlights significant growth in the production of lithium, cobalt, and nickel in 2024.
- Lithium production increased significantly in 2024.
- Cobalt production also saw a notable rise in 2024.
- Nickel production registered significant growth in 2024.
Amid global economic uncertainty, gold's strategic value is becoming more prominent, with global gold trade exceeding 3,000 metric tons in the first half of 2025.
China maintained its position as the world's largest gold importer in 2024, accounting for nearly half of global imports.
Author's summary: Demand rises for strategic minerals amid global energy transition.
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