10 Countries With The Most Natural Resources

Summary

This video explores the world's top 10 countries with the most valuable natural resources as of 2020. Leading the list is China, with vast reserves of rare earth metals, followed by Saudi Arabia, which controls 20% of global oil reserves. Other countries highlighted include Canada, Russia, and Brazil, each rich in various minerals, coal, and timber. The video also discusses nations like the United States, Venezuela, and the Democratic Republic of Congo, emphasizing their contributions to global mining industries and the immense value of their natural resources.

Takeaways

• 😀 Australia is a major global leader in mining, with over $19.9 trillion worth of natural resources, including gold, uranium, and iron ore.
• 😀 The Democratic Republic of Congo has $28 trillion in untapped mineral deposits, including significant reserves of cobalt, gold, and lithium.
• 😀 Venezuela's natural resources are valued at $14.3 trillion, with large oil, coal, and gold reserves, as well as a significant share of the global natural gas supply.
• 😀 The United States has around $45 trillion in natural resources, with a strong presence in coal, timber, and copper production.
• 😀 Brazil's natural resources are worth $21.8 trillion, with gold, uranium, and timber as some of its most valuable exports.
• 😀 Russia's total natural resources are estimated to be worth $75 trillion, with the country leading in the production of rare earth minerals, aluminum, and copper.
• 😀 India’s mining industry contributes significantly to its economy, with over $106 billion in natural resources, including coal, bauxite, and mica.
• 😀 Canada is valued at $33.2 trillion for its natural resources, with vast oil deposits, minerals, and timber production.
• 😀 Saudi Arabia holds 20% of the world's oil reserves, with its natural resources valued at $34.4 trillion, including gas, copper, and phosphate.
• 😀 China, valued at $23 trillion in natural resources, leads the world in rare earth metals production and is a key player in global mining despite lacking local reserves.

Q & A

Which country ranks 10th for the most natural resources?

Australia ranks 10th, with its natural resources valued at over 19.9 trillion dollars annually. Australia is a leader in uranium and gold mining and has vast reserves of iron ore, copper, timber, nickel, oil shale, rare earth metals, and coal.

What is the main contributor to the economy of the Democratic Republic of Congo?

The mining industry is the primary contributor to the economy of the Democratic Republic of Congo, with significant reserves of minerals like coltan, cobalt, gold, tin, and copper. The country also holds large lithium reserves.

How significant is Venezuela's oil reserve compared to other countries?

Venezuela's oil reserves are larger than those of the United States, Canada, and Mexico combined, making it one of the top countries for oil reserves globally.

Which country is the leading producer of coal?

The United States is the leading producer of coal, holding just over 30% of global coal reserves, and mining contributes significantly to its natural resource wealth.

What is Brazil's most valuable natural resource?

Timber is Brazil's most valuable natural resource, although the country also holds large reserves of gold, iron, uranium, and is a leading producer of oil.

Which country has the largest mining industry in the world?

Russia has the largest mining industry globally, producing a wide range of minerals, including mineral fuels, industrial minerals, and metals, such as aluminum, copper, and rare earth elements.

What are India's key natural resources?

India's key natural resources include coal, bauxite, chromite, diamonds, limestone, petroleum, and titanium ore. India is also the leading producer of manganese ore and accounts for a significant portion of global mica and thorium production.

How does Canada's natural resource wealth compare to other countries?

Canada's natural resources are valued at approximately 33.2 trillion dollars. The country is a major player in the oil, natural gas, and timber industries and holds large reserves of minerals like gypsum, limestone, and potash.

What role does oil play in Saudi Arabia's economy?

Oil plays a central role in Saudi Arabia's economy, with the country holding 20% of the world's oil reserves. It has been a leading oil exporter since oil was discovered there in 1938.

Why is China considered the leader in natural resources?

China is the leader in natural resources, with its total worth estimated at 23 trillion dollars. The country dominates in the production of rare earth metals, and timber is another significant resource. It is also a top producer of coal, gold, and various other metals.