World minerals outlook to 2029—Cobalt, gallium, helium, lithium, magnesium, palladium, platinum, and titanium data

Given the rapid expansion in the demand for mineral commodities that underpin worldwide economic growth and technological advancement, information regarding expected country-level mine production and production capacity is becoming increasingly important. In particular, production capacity can limit future supply, depending on how rapidly that capacity is able to expand. Current capacity can be evaluated on the basis of producing sites. Decreases to future capacity can be taken into account from announcements of planned shutdowns of mines or processing facilities, which are frequently publicized well in advance of such closures. Likewise, capacity expansions, which usually involve multiple stages—such as permitting, financing, and construction (all of which take time)—can also be estimated. As such, it is possible to evaluate midterm future capacity based on estimates of today’s capacities along with consideration of future plans. This World Minerals Outlook data release provides estimated capacities for cobalt, gallium, helium, lithium, magnesium, palladium, platinum, and titanium for 2024 through 2029. Production data from 2018 to 2024 are also provided and show the current and historical capacity utilization levels for these commodities.

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  "geospatial"
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