Abstract: At a turning point in 2008 Global Financial Crisis, the world economy entered a stage of low growth from an economic booming stage with annual growth rate down to 2.3% from 3.5%.The growth rate of global mineral supply and demand slowed down obviously, with annual growth rate of mineral production down to 1.5% from 3.6%.Global exploration expenditures shifted from consistently increasing to dropping and fluctuating downward.The world economy reoriented with rising in the east and relatively falling in the west, and industrial chains became more regionalized and localized.In order to avoid excessive dependence on foreign minerals for industrial development, the west countries put forward some measures to encourage domestic exploration activities.In recent years, the proportions of United States, Canada, and Australia in global exploration rose year by year, mineral exploration investment from these countries returned domestically.Responding to climate changes, carbon neutrality has become a global goal.New industries and new business models come into being, driven by the new sci-tech revolution.The miners strived for green transformation, and pay more attention to the exploration of gold and metals used in energy resources and the supply of low carbon products and services.The occurrence of the COVID-19 pandemic, trade protectionism, and quantitative easing monetary, resulted in a tight balance between the supply and demand of mineral products in the late 2 years, accompanied by constantly rising of mineral product prices.The mining companies reported high financial performance, and exploration expenditure increased greatly.In future, the prices of mineral products will probably return the levels according to the supply/demand fundamentals, and global mineral exploration expenditures will continue the fluctuations at the recession stage until the next prosperity stage.