In 2023, the worldwide budget for nonferrous mineral exploration amounted to 12.6 billion U.S. dollars. That was an decrease of three percent compared to 2022.
While this figure represents an increase compared the last several years, it is still significantly lower than the record levels seen in 2012, when the global exploration budget reached 20.53 billion U.S. dollars.
Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023
(in billion U.S. dollars)
Characteristic
Exploration budget in billion U.S. dollars
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S&P Global Market Intelligence. (October 25, 2023). Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 30, 2024, from https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/
S&P Global Market Intelligence. "Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023 (in billion U.S. dollars)." Chart. October 25, 2023. Statista. Accessed August 30, 2024. https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/
S&P Global Market Intelligence. (2023). Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 30, 2024. https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/
S&P Global Market Intelligence. "Exploration Budget of Nonferrous Mineral Mining Worldwide from 1996 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Oct 2023, https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/
S&P Global Market Intelligence, Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/ (last visited August 30, 2024)
Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023 (in billion U.S. dollars) [Graph], S&P Global Market Intelligence, October 25, 2023. [Online]. Available: https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/