Why Gold and Copper Mining Markets Are Projected to Increase in Coming Years as Demand Jumps

PALM BEACH, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- FinancialNewsMedia.com News Commentary - Both of the Gold and Copper mining operations are projected to continue the grow in North America through 2030. A report from Cognitive Market Research said that the demand for Gold Mining is rising due to the technological advancements in exploration and extraction and rising demand for gold in various industries. According to the Cognitive Market Research report: “The global Gold Mining market size was estimated at USD 202515.2 Million out of which North America held the major market of more than 28% of the global revenue with a market size of USD 56704.26 million in 2023 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2023 to 2030. North America emerges as the largest growing region, showcasing a robust industry bolstered by technological advancements and sustained demand for gold.  According to Cognitive Market Research, The Global Gold Mining market size is USD 202515.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 3.80% from 2023 to 2030. The report concluded: “According to Cognitive Market Research, the dominant end-user category is Investment. Gold has long been considered a safe-haven asset and a store of value, especially during times of economic uncertainty. Investors often turn to gold as a hedge against inflation, currency fluctuations, and geopolitical risks. The demand for gold in the investment sector drives significant market activity, influencing exploration, mining operations, and refining processes.” Active Companies mentioned in the article includes: Brixton Metals Corporation (OTCQB: BBBXF) (TSX-V: BBB), Faraday Copper Corp. (OTCQX: CPPKF) (TSX: FDY), Foran Mining Corporation (OTCQX: FMCXF) (TSX: FOM), Northisle Copper and Gold Inc. (TSX-V: NCX), NorthWest Copper (TSX-V: NWST). Read More