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)
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S&P Global Market Intelligence. (January 19, 2024). Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 18, 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. January 19, 2024. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/
S&P Global Market Intelligence. (2024). Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 18, 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., 19 Jan 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, https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/ (last visited December 18, 2024)
Exploration budget of nonferrous mineral mining worldwide from 1996 to 2023 (in billion U.S. dollars) [Graph], S&P Global Market Intelligence, January 19, 2024. [Online]. Available: https://www.statista.com/statistics/1280473/worldwide-nonferrous-mineral-mining-exploration-budget/