Abstract: Macroeconomic instability and political uncertainty have a direct effect on the global mining market in a period of structural adjustment and optimization.In 2019, global energy and metal commodity prices volatility falls, the growth rate of the worldwide exploration budget has stalled, the global metals industry M& A deal activity suffered throughout the year.The new situations are worth paying attention:critical minerals affect the geopolitical pattern.Some countries frequently adjust their mineral resources policies.The supply and demand relationship of the critical mineral market shows a short-term differentiation sign.Iron ore suppliers try to settle trades in the Renminbi-denominated.Mining companies have integrated renewable energy into their operations.In the future, the global mining market will adjust and optimize in a period of structural.Mineral resources policy adjustment will continue to be the focus of industrial policy adjustment; the supply and demand relationship of critical mineral resources will present more complex game patterns; energy use will continue to be "low carbon".