The global mining industry experienced a 10% decline in patent filings in Q2 2023 compared with the previous quarter. The total number of grants dropped by 18%, resulting in overall patent publications decreasing by 10.0%, according to GlobalData’s Patent Analytics. GlobalData’s Future of the Global Mining Market report analyses trends and opportunities in the cobalt, graphite, bauxite, nickel, zinc, platinum, and lead mining markets. It provides details on reserves, production, major operating mines, competitive landscape, and exploration projects. Buy the report here.
Notably, the number of patent applications in the mining industry was 2,884 in Q2 2023, versus 3,206 in the prior quarter. Filings were down 16% year-on-year and decrease 10% quarter-on-quarter. This compares to a 16% year-on-year decrease in patent grants and 10% decline in quarter-on-quarter.
Most patenting activity has been in the CAD, CAM & CAE sector, where the number of patents filed Q1 2023 was 49, a drop of 9% versus the previous quarter. The second-largest patent count was in BPM Solutions (36, down 10%) and then MOS Micro (MPU, MCU & DSP) in third (34, up 100%).
The top five companies accounted for 26% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by JFE with 251, followed by POSCO with 154 and China Baowu Steel Group with 134.
Patenting activity was driven by China with a 49% share of total patent filings
The largest share of patent filings in the mining industry in Q2 2023 was in China with 49%, followed by South Korea (13%) and the US (9%). The share represented by China was 12% higher than the 37% share it accounted for in Q1 2023.
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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.
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