The U.S. Department of the Interior and the U.S. Geological Survey has published its “World Minerals Outlook.” The report discusses the status of eight metals through 2029. Let’s take a look.
Cobalt
Main uses: Battery cathode materials and superalloys
Top five producers:
-
The Democratic Republic of the Congo (72.1 percent)
-
Indonesia (7.7 percent)
-
Russia (2.6 precent)
-
Australia (2.4 percent)
-
Canada (1.7 percent)
U.S. mining: Idaho (closed in 2023)
Current production: 290,000 metric tons
2029 projected production: 483,000 metric tons
Gallium
Main uses: Semiconductors
Top five producers:
-
China (87.3 percent)
-
Germany (4.7 percent)
-
Kazakhstan (2.9 percent)
-
South Korea (1.9 percent)
-
Japan and Russia (each 1.2 percent)
U.S. mining: None (entirely imported). U.S. Critical Materials Corp. recently announced potential mining in Montana.
Current production: 760 metric tons
2029 projected production: 960 metric tons
Helium
Main uses: Magnetic resonance imaging coolants, ballons
Top five producers:
-
United State (54.2 percent)
-
Qatar (19.1 percent)
-
Algeria (13.3 percent)
-
Russia (8.2 percent)
-
Canada (3.0 percent)
U.S. mining: Largely as byproduct of natural gas
Current production: 180 million cubic meters of helium gas
2029 projected production: 462 million cubic meters
Lithium
Main uses: Batteries (87 percent), ceramics, and glasses
Top five producers:
-
Australia (40.1 percent)
-
Chile (19.9 percent)
-
China (18.8 percent)
-
Argentina (6.6 percent)
-
Zimbabwe (4.7 percent)
U.S. mining: Nevada
Current production: 240,000 metric tons (produced from hard rock ores and brines)
2029 projected production: 562,000 metric tons
Magnesium Metal
Main uses: Aluminum alloys, die casting, metal reduction, and desulfurization
Top five producers:
-
China (85.7 percent)
-
Russia (3.9 percent)
-
United States (3.0 percent)
-
Israel (1.6 percent)
-
Kazakhstan (1.4 percent)
U.S. mining: Nevada and Utah
Current production: 1,000 metric tons
2029 projected production: 2.02 million metric tons
Palladium
Main uses: Automobile and truck catalytic converters (especially for gasoline-based engines), dental alloys, jewelry, and petroleum refining
Top five producers:
-
South Africa (40.2 percent)
-
Russia (36.5 percent)
-
Canada (9.1 percent)
-
United States (5.7 percent)
-
Zimbabwe (4.8 percent)
U.S. mining: Colorado
Current production: 190 metric tons
2029 projected production: 276 metric tons
Platinum
Main uses: Automobile and truck catalytic converters (especially for gasoline-based engines), dental alloys, hard disc drives, jewelry, and petroleum refining
Top five producers:
-
South Africa (70.7 percent)
-
Russia (11.6 percent)
-
Zimbabwe (8.3 percent)
-
Canada (4.3 percent)
-
United States (2.1 percent)
U.S. mining: Montana. It is then sent overseas for refining.
Current production: 170 metric tons
2029 projected production: 242 metric tons
Titanium Sponge Metal
Main uses: Aerospace industry, metallurgy
Top five producers:
-
China (65.8 percent)
-
Japan (13.4 percent)
-
Russia (9.6 percent)
-
Kazakhstan (5.3 percent)
-
Saudi Arabia (3.2 percent)
U.S. mining: One active mine in Utah
Current production: 320,000 metric tons
2029 projected production: 553,000 metric tons
Go deeper: Read the full report here.