Critical Minerals Market Projected to Hit $586 Billion by 2032 Amid Rising Demand for Essential Resources
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2025
0mins
Should l Buy TMC?
Source: Newsfilter
Global Critical Minerals Market Growth: The global critical minerals market is projected to grow significantly, driven by the demand for clean energy technologies, with key minerals like lithium, cobalt, and nickel seeing substantial increases in demand and investment.
SAGA Metals Corp. Analyst Coverage: SAGA Metals Corp. has received an outperform rating from Alphabridge Group, highlighting its strategic focus on critical mineral projects, particularly the Radar Ti-V-Fe Project in Labrador, Canada.
TMC and Critical Metals Updates: TMC the metals company reported financial results and progress on its NORI-D Project, while Critical Metals Corp. announced promising assay results from its Fjord Deposit, indicating high-grade rare earth mineralization.
Rio Tinto and Empire Metals Developments: Rio Tinto has restructured its operations to enhance efficiency, while Empire Metals Limited reported significant progress in its Pitfield titanium project, confirming its potential as a major global discovery.
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Analyst Views on TMC
Wall Street analysts forecast TMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TMC is 8.33 USD with a low forecast of 6.50 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 6.410
Low
6.50
Averages
8.33
High
11.00
Current: 6.410
Low
6.50
Averages
8.33
High
11.00
About TMC
TMC the metals company Inc. is a deep-sea minerals exploration company. The Company is focused on the collection and processing of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone in the Pacific Ocean (CCZ), located approximately 1,300 nautical miles southwest of San Diego, California. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 4,500 miles that spans approximately 1,737,000 square miles. These nodules contain high grades of four metals (nickel, copper, cobalt, manganese) which can be used as feedstock for battery cathode precursors (nickel, cobalt and manganese sulfates, or intermediate nickel-copper-cobalt matte) for electric vehicles (EV) and energy storage markets; copper cathode for EV wiring, energy transmission and other applications, and manganese silicate for manganese alloy production required for steel production.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of Investment Opportunities in Critical Minerals
- USA Rare Earth Prospects: USA Rare Earth is set to debut on public markets in March 2025 following a merger with a SPAC, with its Round Top deposit containing 15 of the 17 rare-earth elements, positioning it as a leader in the U.S. rare-earth market and likely to attract investor interest and drive stock price appreciation.
- Government Investment Support: The company has signed a letter of intent with the U.S. government for a $1.6 billion investment, which mitigates uncertainties surrounding the Round Top project and enhances its strategic position within the rare-earth supply chain.
- Deep-Sea Mining Potential: TMC The Metals Company focuses on harvesting polymetallic nodules from the seafloor and plans to partner with Korea Zinc for metal refining, which is expected to drive growth in copper and nickel markets to meet future demand.
- MP Materials Market Advantage: As the only fully integrated rare-earth producer in the U.S., MP Materials has secured over $500 million in funding from the Department of Defense and plans to launch a heavy rare-earth separation facility in 2026, further solidifying its market position and reducing price volatility risks.
See More
Investment Opportunities in Rare Earth Mining
- Government Support: The U.S. government plans to invest $1.6 billion in USA Rare Earth, significantly reducing risks associated with the Round Top project and enhancing its competitiveness in the rare earth market, likely attracting more investor interest.
- Production Capacity Expansion: MP Materials aims to commission a new heavy rare-earth separation facility at Mountain Pass by mid-2026, diversifying its product offerings while securing over $500 million in funding through a partnership with the Department of Defense, strengthening its market position.
- Deep-Sea Mining Prospects: TMC The Metals Company has partnered with Korea Zinc to harvest polymetallic nodules from the seafloor, which is expected to boost production of copper and nickel, addressing a projected 50% increase in demand and enhancing its competitiveness in the metals market.
- Strong Market Demand: With rising political interest in securing critical mineral supplies, companies like USA Rare Earth and MP Materials are gaining investor attention, which is expected to yield substantial returns for long-term investors.
See More
Mining Stocks: Risks and Opportunities for Investors
- TMC Overview: TMC The Metals Company focuses on collecting polymetallic nodules from the Pacific Ocean, currently valued at $2.7 billion with a 13.45% stock increase to $6.41; despite being pre-revenue, its eco-friendly mining approach may attract long-term investors.
- Importance of MP Materials: MP Materials operates the only large-scale rare-earth mine in the U.S., valued at $11 billion with an 8.49% stock increase to $61.35; it secured a $400 million investment from the Department of Defense and a $500 million partnership with Apple, ensuring stability in the U.S. rare-earth supply chain.
- USA Rare Earth Development: USA Rare Earth controls the Round Top deposit in Texas, valued at $3.2 billion with a 6.02% stock increase to $21.84; although still in the construction phase, it has raised $3.1 billion to support the establishment of a domestic rare-earth supply chain.
- Investment Outlook: While TMC, MP, and USA Rare Earth are all pre-revenue and face market volatility risks, their potential in the rare-earth and battery metal sectors makes them attractive for long-term investors.
See More
MP Stock Plummets Amid Vance and Rubio's Discussion on Critical Minerals
- Event Announcement: Secretary of State Marco Rubio is hosting the inaugural Critical Minerals Ministerial in Washington, D.C. on Wednesday.
- Focus of the Meeting: The ministerial aims to address issues related to critical minerals, which are essential for various industries and technologies.
- Significance: This event highlights the importance of securing a stable supply of critical minerals for national security and economic growth.
- Participants: The meeting is expected to involve discussions among key stakeholders, including government officials and industry leaders.
See More
Trump Seeks a Stockpile of Critical Minerals: Implications for MP Stock.
- Investor Confusion: Investors in MP Materials and other rare earths and critical minerals are facing uncertainty due to recent developments in the market.
- Mineral Stockpile Plan: A new plan to launch a mineral stockpile adds to the complexity of the situation for investors.
See More
Trump Administration's Policy Shift on Rare Earths Shakes Market
- Policy Shift Impact: The Trump administration informed industry leaders that future rare earth projects must demonstrate “financial independence” without federal price supports, marking a significant reversal from last year's aggressive rhetoric, which could undermine the competitiveness of the U.S. rare earth supply chain.
- Market Reaction: The news triggered a steep sell-off in rare earth and critical minerals stocks, with companies like MP Materials and U.S. Antimony experiencing significant declines, reflecting strong market concerns over policy uncertainty that may affect investor confidence.
- Industry Pushback: MP Materials labeled the report as “fake news” on social media, emphasizing that its existing government contract, which includes a price floor of $110/kg, remains intact, demonstrating the company's determination to counter misleading narratives and protect its interests.
- Clarification Controversy: Following the report's publication, Reuters edited the content, initially implying that existing agreements were being rescinded, later clarifying that the pivot applies only to future projects, raising questions among industry observers about the media's influence on market sentiment.
See More
Analysis of Investment Opportunities in Critical Minerals
- USA Rare Earth Prospects: USA Rare Earth is set to debut on public markets in March 2025 following a merger with a SPAC, with its Round Top deposit containing 15 of the 17 rare-earth elements, positioning it as a leader in the U.S. rare-earth market and likely to attract investor interest and drive stock price appreciation.
- Government Investment Support: The company has signed a letter of intent with the U.S. government for a $1.6 billion investment, which mitigates uncertainties surrounding the Round Top project and enhances its strategic position within the rare-earth supply chain.
- Deep-Sea Mining Potential: TMC The Metals Company focuses on harvesting polymetallic nodules from the seafloor and plans to partner with Korea Zinc for metal refining, which is expected to drive growth in copper and nickel markets to meet future demand.
- MP Materials Market Advantage: As the only fully integrated rare-earth producer in the U.S., MP Materials has secured over $500 million in funding from the Department of Defense and plans to launch a heavy rare-earth separation facility in 2026, further solidifying its market position and reducing price volatility risks.
See More
Investment Opportunities in Rare Earth Mining
- Government Support: The U.S. government plans to invest $1.6 billion in USA Rare Earth, significantly reducing risks associated with the Round Top project and enhancing its competitiveness in the rare earth market, likely attracting more investor interest.
- Production Capacity Expansion: MP Materials aims to commission a new heavy rare-earth separation facility at Mountain Pass by mid-2026, diversifying its product offerings while securing over $500 million in funding through a partnership with the Department of Defense, strengthening its market position.
- Deep-Sea Mining Prospects: TMC The Metals Company has partnered with Korea Zinc to harvest polymetallic nodules from the seafloor, which is expected to boost production of copper and nickel, addressing a projected 50% increase in demand and enhancing its competitiveness in the metals market.
- Strong Market Demand: With rising political interest in securing critical mineral supplies, companies like USA Rare Earth and MP Materials are gaining investor attention, which is expected to yield substantial returns for long-term investors.
See More
Mining Stocks: Risks and Opportunities for Investors
- TMC Overview: TMC The Metals Company focuses on collecting polymetallic nodules from the Pacific Ocean, currently valued at $2.7 billion with a 13.45% stock increase to $6.41; despite being pre-revenue, its eco-friendly mining approach may attract long-term investors.
- Importance of MP Materials: MP Materials operates the only large-scale rare-earth mine in the U.S., valued at $11 billion with an 8.49% stock increase to $61.35; it secured a $400 million investment from the Department of Defense and a $500 million partnership with Apple, ensuring stability in the U.S. rare-earth supply chain.
- USA Rare Earth Development: USA Rare Earth controls the Round Top deposit in Texas, valued at $3.2 billion with a 6.02% stock increase to $21.84; although still in the construction phase, it has raised $3.1 billion to support the establishment of a domestic rare-earth supply chain.
- Investment Outlook: While TMC, MP, and USA Rare Earth are all pre-revenue and face market volatility risks, their potential in the rare-earth and battery metal sectors makes them attractive for long-term investors.
See More
MP Stock Plummets Amid Vance and Rubio's Discussion on Critical Minerals
- Event Announcement: Secretary of State Marco Rubio is hosting the inaugural Critical Minerals Ministerial in Washington, D.C. on Wednesday.
- Focus of the Meeting: The ministerial aims to address issues related to critical minerals, which are essential for various industries and technologies.
- Significance: This event highlights the importance of securing a stable supply of critical minerals for national security and economic growth.
- Participants: The meeting is expected to involve discussions among key stakeholders, including government officials and industry leaders.
See More
Trump Seeks a Stockpile of Critical Minerals: Implications for MP Stock.
- Investor Confusion: Investors in MP Materials and other rare earths and critical minerals are facing uncertainty due to recent developments in the market.
- Mineral Stockpile Plan: A new plan to launch a mineral stockpile adds to the complexity of the situation for investors.
See More
Trump Administration's Policy Shift on Rare Earths Shakes Market
- Policy Shift Impact: The Trump administration informed industry leaders that future rare earth projects must demonstrate “financial independence” without federal price supports, marking a significant reversal from last year's aggressive rhetoric, which could undermine the competitiveness of the U.S. rare earth supply chain.
- Market Reaction: The news triggered a steep sell-off in rare earth and critical minerals stocks, with companies like MP Materials and U.S. Antimony experiencing significant declines, reflecting strong market concerns over policy uncertainty that may affect investor confidence.
- Industry Pushback: MP Materials labeled the report as “fake news” on social media, emphasizing that its existing government contract, which includes a price floor of $110/kg, remains intact, demonstrating the company's determination to counter misleading narratives and protect its interests.
- Clarification Controversy: Following the report's publication, Reuters edited the content, initially implying that existing agreements were being rescinded, later clarifying that the pivot applies only to future projects, raising questions among industry observers about the media's influence on market sentiment.
See More
