Top 10 Countries with Most Natural Resources in the World 2024

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Top 10 Countries with Most Natural Resources in the World

Top 10 Countries with Most Natural Resources in the World: Natural resources or commodities are the raw inputs used to manufacture and produce all of the products in the world. These resources are found in the earth including those extracted from the earth and those that have yet to be extracted. They grow naturally without any help from humans. They are blessings to countries that have them. Read through the list of the top 10 countries with the most natural resources.

Australia

Australia is one of the top mineral producers in the world and has a large resource inventory of most of the world’s key minerals commodities. Australia is the world’s leading producer of bauxite, ilmenite, rutile, iron ore and zircon, the second largest producer of alumina, gold, lead, lithium, manganese ore and zinc, the third largest producer of uranium, the fourth largest producer of black coal, nickel and silver, and the fifth largest producer of aluminium, cobalt and copper.

Australia also has the largest identified resources of gold, iron ore, lead, nickel, rutile, uranium, zinc and zircon, and the second largest resources of bauxite, cobalt, copper, ilmenite, niobium, silver, tantalum and thorium. Australia’s lithium and rare earth resources are ranked third, manganese ore and vanadium are ranked fourth and black coal is ranked fifth in the world. Australia is clearly one of the Top 10 Countries with most natural resources in the world

The Democratic Republic of Congo

The mining industry of the Democratic Republic of the Congo plays a significant role in the world’s supply of cobalt, copper, diamond, tantalum, tin, gold and produces over 70% of globally produced cobalt. It is the Democratic Republic of the Congo’s largest source of export income.

The Democratic Republic of the Congo (DRC) is widely known to be the wealthiest country in the world, in untapped resource wealth and has an estimated US$24 trillion in untapped mineral deposits, including the world’s largest reserves of coltan (where elements niobium and tantalum are extracted) and significant quantities of the world’s cobalt and lithium. The DRC has limitless water, from the world’s second largest river, the Congo, a mild climate, rich soil makes it fertile and beneath the soil an abundance. These mineral reserves are of global importance. DCR is among the top 10 Countries with most natural resources in the world.

Venezuela

Another one of the top 10 Countries with most natural resources in the world is Venezuela. The American country is a major producer and exporter of minerals, notably bauxite, coal, gold, iron ore, and oil, and the state controls most of the country’s vast mineral reserves. In 2003 estimated reserves of bauxite totaled 5.2 million tons.

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The third largest producer of coal in Latin America, after Colombia and Brazil, Venezuela produced 5.8 million short tons (1 short ton=2,000 pounds) in 2002, as compared with 9.3 million short tons in 2000, and exported most of it to other countries in the region, the eastern United States, and Europe. Known reserves for coal total 10.2 billion tons, of which approximately 528 million short tons are recoverable bituminous coal.

The United States

The United States is one of the largest global producers of the metals and minerals powering manufacturing – from precious metals such as gold and silver to copper, nickel, iron, lead, uranium, bauxite, mercury, tungsten and zinc. The nation is also the leading producer and consumer of phosphates, a key ingredient in fertilizers used in agricultural production. US is among the top 10 Countries with most natural resources in the world.

Brazil

Brazil has commodities worth $21.8 trillion. Brazil is rich in a variety of natural resources and is the world’s leading producer of tin, iron ore and phosphate. It has large deposits of diamonds, manganese, chromium, copper, bauxite and many other minerals. However, the country has no significant oil reserves. Brazil is one of the top 10 Countries with most natural resources in the world.

Russia

Russia possesses rich reserves of iron ore, manganese, chromium, nickel, platinum, titanium, copper, tin, lead, tungsten, diamonds, phosphates, and gold, and the forests of Siberia contain an estimated one-fifth of the world’s timber, mainly conifers 

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Russia is also a leading producer and exporter of minerals and gold. Russia is the largest diamond-producing nation in the world, estimated to produce over 33 million carats in 2013, or 25% of global output valued at over $3.4 billion, with state-owned ALROSA accounting for approximately 95% of all Russian production. Russia is among top 10 Countries with most natural resources in the world.

India

India’s mining sector contributes 11% of the country’s industrial gross domestic product (GDP) and 2.5% of total GDP. The mining and metal industry was worth over $106.4 billion in 2010. The nation’s coal reserves are the fourth largest in the world. India’s other natural resources include bauxite, chromite, diamonds, limestone, natural gas, petroleum, and titanium ore. India provides over 12% of global thorium, over 60% of global mica production, and is the leading producer of manganese ore. India is among the top 10 Countries with most natural resources in the world.

Canada

Canada is the world’s 8th largest exporter of agricultural products including grains, oil seeds and specialty crops. Government spending in support of research and development in this sector has increased in recent years.

The oil and gas markets in Canada are a lucrative business, with the world’s 3rd largest proven crude oil reserves and 18th largest proven natural gas reserves at their disposal. 35% of the world’s oil and gas companies reside in Alberta, Canada.

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Forests are a major source of wealth for Canadians, providing a wide range of economic, social and environmental benefits. Canada is among top 10 Countries with most natural resources in the world.

Saudi Arabia

h a total worth of $34.4 trillion, Saudi Arabia has the second most valuable natural resources in the world. The country has the second-largest proven petroleum reserves, and is the largest exporter of petroleum in the world. It also has the fifth-largest proven natural gas reserves and is considered an “Energy Superpower”. Saudi is second on the top 10 Countries with most natural resources in the world list.

China

China tops the list of top 10 Countries with most natural resources in the world. The Asian country has extensive deposits of coal, oil and natural gas. Besides these fossil fuels, China is a top producer of aluminum, magnesium, antimony, salt, talc, barite, cement, coal, fluorspar, gold, graphite, iron, steel, lead, mercury, molybdenum, phosphate rock, rare earths, tin, tungsten, bismuth and zinc