Editing Rio Tinto Group (section)

== Market ==
The mining market is undergoing a dramatic change due to the growing need for newer materials such as rare earth materials in the past were less profitable segments.  Moreover, governments are playing a much larger role in the industry as they are looking to own a larger share of mines and supply chain assets. This means that miners need to contend with greater risk and possible lower returns due to governmental involvement.

As mentioned repeatedly throughout Rio Tinto's mission statement, the mining industry is looking to electrify its assets and move operations to net zero across the industry.

In terms of financials, the market has grown at a CAGR of 6.1%[5] from $2.023 trillion to $2.145 trillion. Recently commodity prices have increased due to greater demand for metals, disrupted supply chain causing inflation and industrialisation of developing countries.