The global mining industry experienced a 69% decline in the number of environmental sustainability-related patent applications in Q4 2023 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 36% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Mining: Patents Trends Q4 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.

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Notably, the number of environmental sustainability-related patent applications in the mining industry was 378 in Q4 2023, versus 1,236 in the prior quarter.

The top five companies accounted for 44% of patenting activity

Analysis of patenting activity by companies shows that JFE filed the most environmental sustainability patents within the mining industry in Q4 2023. The company filed 64 environmental sustainability-related patents in the quarter, compared with 116 in the previous quarter. It was followed by China Baowu Steel Group with 33 environmental sustainability patent filings, Ansteel Group (32 filings), and Mitsui Mining & Smelting (19 filings) in Q4 2023.

Patenting activity was driven by China with a 31% share of total patent filings

The largest share of environmental sustainability related patent filings in the mining industry in Q4 2023 was in China with 31%, followed by Japan (15%) and the US (10%). The share represented by China was 41% lower than the 71% share it accounted for in Q3 2023.

For further understanding of GlobalData's Mining: Patents Trends Q4 2023, buy the databook here.

This content was updated on 23 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.