The earth is full of natural resources from the North to the South, East, and West. Some countries have the most natural resources while others have just a few.
These essential raw materials used to manufacture the products people are using in their homes. As a matter of fact, natural resources are one of the best sources of income for countries where they find them.
Mineral deposits help the government to generate revenue for developments and support young entrepreneurs and tech startups. And luckily, almost each of the world’s countries has one or more resources or commodities they can tap into commodities to generate revenue.
Countries With The Most Natural Resources
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From electronic gadgets to groceries, every product you see on the market is made or manufactured using a certain kind of resources.
Nowadays, natural deposits such as cobalt, copper, diamond, gold, tantalum, and others are highly valuable. This is because they provide income and revenue for governments and companies.
Also, these resources are key components in most of the essential products and gadgets we use today. According to World Atlas, below are the top 10 countries with the most natural resources.
When it comes to natural resources, China is one of the leading countries. It is one of the top producers of phosphates, vanadium, tungsten, antimony, graphite, coal, tin, and molybdenum.
Other resources include rare earth metals, lead, zinc, gold, and timber antimony. It also produces bauxite, cobalt, copper, manganese, and silver, and has chromium and gem diamond. Natural resources estimate: $23 trillion
#2]. Saudi Arabia
Saudi Arabia is the richest country in the Middle East and its primary natural resource is oil. The Arabian country has about 22.4% of the world’s reserves and the fourth-largest natural gas reserves.
The country is also blessed with other natural resources such as copper, feldspar, phosphate, silver, sulfur, tungsten, and zinc. Natural resources estimate: $34.4 trillion
When we talk about oil, Canada is blessed as it has the third-largest oil deposits after Venezuela and Saudi Arabia. Other commodities include gypsum, limestone, rock salt, and potash, coal, and uranium.
Canada also has copper, lead, nickel, zinc, gold, platinum, and silver. The country also supplies natural gas, phosphate, and timber. Natural resources estimate: $33.2 trillion
Did you know that India has the fourth-largest coal reserves in the world? Other natural resources include bauxite, chromite, and diamonds. It also has limestone, natural gas, petroleum, and titanium ore.
Furthermore, India is the leading producer of manganese ore. It provides over 12% of global thorium and over 60% of global mica. Natural resources estimate: $106.4 billion in 2010
Russia has the biggest mining industry in the world producing mineral fuels, industrial minerals, and metals. Also, the country is a leading producer of aluminum, arsenic, cement, and copper.
Also, the country has magnesium metal, nitrogen, palladium, silicon, and vanadium. It is the second-largest exporter of rare earth minerals. Natural resources estimate: $75 trillion
Naturally blessed with all kinds of mineral resources, Brazil has oil, iron and tin. The country has the largest gold and uranium deposits in the world. Also, it’s the second-largest oil producer.
Its mining industry focuses on bauxite, copper, gold, iron, and tin. However, timber is the country’s most valuable natural resource. Natural resources estimate: $21.8 trillion
#7]. The United States
Mining is one of the primary industries in the United States. The country has been the leading producer of timber and coal for many years.
Also, its total metal and coal reserves in the country were estimated to be $109.6 billion. The country also has other mineral resources which include substantial copper, gold, oil, and natural gas deposits. Natural resources estimate: $45 trillion
The South American country is the leading exporter of bauxite, coal, gold, iron ore, and oil. Venezuela’s oil reserves are greater than those of the United States, Canada, and Mexico combined.
Venezuela is the third-largest producer of coal after Brazil and Colombia. It also has the eighth-largest reserves of natural gas and the second-largest reserves of gold deposits. Natural resources estimate: $14.3 trillion
#9]. Democratic Republic of Congo (DRC)
In 2009, Congo DRC has over $24 million in mineral deposits including the largest coltan reserve and huge amounts of cobalt. It has large copper, diamond, gold, tantalum, and tin reserves.
Also, the country has over three million tons of lithium estimated. When it comes to mineral resources, Congo DRC is probably the most blessed and richest country on the continent of Africa.
Australia is a rich Oceana country blessed with a large amount of all kinds of natural resources. This country is known for its large reserves of coal, timber, copper, iron ore, nickel, oil shale, and rare earth metals.
Australia earns $19.9 trillion U.S. dollars from mining and it’s one of the leaders in uranium and gold mining. The country has the largest gold reserves in the world and it is the top producer of opal and aluminum.