Mining Metals Market - Global Industry Analysis, Size & Growth : 2024

Global Mining Metals Market

The mining industry contributes significantly toward the economic and industrial growth of a nation. Major mining metals include lead, copper, tin, zinc, nickel, cobalt, and aluminum. Gold, platinum, palladium, and silver are among the precious mining metals. The global mining metals market has been among the fastest growing. However, in recent years, the market has witnessed slow growth due to the economic slowdown across nations.

Browse Press Release of this Research Report: http://www.transparencymarketresearch.com/mining-metals-market.html

Iron ore, gold, copper, and nickel are the most important investment targets for mining companies as these premium metals are expected to play a pivotal role in future projects. It has been observed that mining companies are increasingly exploring the benefits of vertical integration to control the entire value chain of the market. Market players are focusing on every phase of the value chain, right from mining to production. However, to control the value chain, mining companies need to control operating costs as well as commodity prices.

Global Mining Metals Market: Key Trends and Opportunities

The global mining metals market is highly dependent on the economic growth of nations. As a nation’s economy grows, investments increase in the infrastructure sector, thereby fuelling the demand for mining metals. Oversupply and low demand for mining metals leads to significant fall in their prices. For example, the economic slowdown in China has led to drastic reduction in the prices of mining metals, especially copper. With China’s economy slowing down, investments in the energy and mining sectors have reduced. Ongoing projects in these sectors have been stalled. As a result, the demand for mining metals has reduced significantly. This has created a negative impact on the overall growth of the global mining metals market. Falling oil prices since 2015 have also hampered the growth of the market. Consequently, 2015 has been termed as one of the worst years for the global mining metals market.

A rise in labor costs has led market players to cut down their workforce. This has resulted in labor unrest across various locations in the recent years. Market players are also facing increased regulatory compliance costs due to the implementation of new taxes. The global mining metals market is expected to witness significant demand from the equipment industry.

Global Mining Metals Market: Region-wise Outlook

The global mining metals market has been segmented into four key regions: Europe, Asia Pacific, North America, and Rest of the World. Asia Pacific has been the major region in the market due to the growing demand from emerging economies such as China, Indonesia, Australia, and India. In the last couple of years, the region has witnessed increased investments in the mining sector with market players expanding their production capacities and exploring new mining sites. The rapid growth of economy in China and India has created favorable opportunities for the growth of the market. In fact, China is now playing a major role in the growth of the market. It is the largest importer of copper and imports around 45% of the total copper mined across the globe.

Some of the prominent players in the global mining metals market are Rio Tinto (Australia/the U.K.), BHP Billiton (Australia/the U.K.), China Shenhua Energy (China), Vale (Brazil), and Glencore Xstrata (the U.K.). Currently, the key players are struggling to maintain their profit levels with the market suffering from oversupply and weak demand for mining metals. Prices of mining metals are falling below the cost of production across many mining projects by the key players.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11207

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.