The "Mining Quarterly Review - Q4 2025" provides a comprehensive coverage on the global mining industry. It provides commodity trends covering macroeconomic trends, price trends, production, capital expenditure of leading miners, development projects momentum, development projects by commodity, country, company and stage. The report also includes a demand drivers section providing information on factors that are affecting the global mining industry. It further provides updates on emissions, safety in mining, regulatory, developments in mining for Q4 2025, European Union’s industrial production, US’ industrial production, China’s industrial production growth rate, China's Manufacturing PMI.
In Q4 2025, coal production trends were mixed, with Core Natural Resources reporting the strongest growth following the CONSOL-Arch merger, while most other major producers recorded declines due to weaker thermal coal demand and voluntary output cuts.
Most major iron ore producers recorded year-on-year growth, supported by mine ramp-ups and operational improvements. NMDC, CSN, Vale, Anglo American, and BHP reported higher output, while Mineral Resources and Fortescue Metals posted modest declines during the quarter.
Freeport-McMoRan recorded the strongest copper production growth in Q4 2025, followed by Glencore supported by higher grades at Collahuasi, Antamina and Antapaccay. Rio Tinto also reported a double-digit increase driven by the continued ramp-up of Oyu Tolgoi, while BHP, Antofagasta and Anglo American recorded declines due to lower grades and reduced throughput at key operations.
In Q4 2025, coal production trends were mixed, with Core Natural Resources reporting the strongest growth following the CONSOL-Arch merger, while most other major producers recorded declines due to weaker thermal coal demand and voluntary output cuts.
Most major iron ore producers recorded year-on-year growth, supported by mine ramp-ups and operational improvements. NMDC, CSN, Vale, Anglo American, and BHP reported higher output, while Mineral Resources and Fortescue Metals posted modest declines during the quarter.
Freeport-McMoRan recorded the strongest copper production growth in Q4 2025, followed by Glencore supported by higher grades at Collahuasi, Antamina and Antapaccay. Rio Tinto also reported a double-digit increase driven by the continued ramp-up of Oyu Tolgoi, while BHP, Antofagasta and Anglo American recorded declines due to lower grades and reduced throughput at key operations.
Report Scope
- The report contains an overview of the key commodities in the mining industry including coal, iron ore, copper, gold, nickel, lead, zinc, uranium and lithium. It provides detailed information on prices, production by country, production by company, development projects update, capital expenditure, and demand drivers.
Reasons to Buy
- To gain an understanding of the quarterly changes in the global mining industry, relevant driving factors
- To understand historical and forecast trends on key commodities
- To identify key players in the global mining industry
- To identify major development projects momentum by region
- To identify the trend in capital expenditure spent by leading miners
- To understand the factors influencing demand drivers of key commodities
Table of Contents
- Overview
- Macroeconomic trends
- Commodity trends
- Coal
- Iron ore
- Copper
- Gold
- Nickel
- Lead
- Zinc
- Uranium
- Lithium
- Development projects update
- Capital expenditure
- Demand drivers
- Regulation
- Appendix
