Press release
Metal Ore Mining Industry Data Statistics Analysis By 2020-2023 | Rio Tinto Plc, Vale SA
The global metal ore mining market is expected to decline from $224 billion in 2019 to $184.7 billion in 2020 at a compound annual growth rate (CAGR) of -17.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $202.3 billion in 2023.
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The metal ore mining market consists of sales of metal ores and concentrates by entities (organizations, sole traders and partnerships) that mine metallic mineral ores. The industry includes establishments developing mine sites, ore dressing, and other beneficiating operations such as crushing, grinding, washing, drying, sintering, concentrating, calcining, and leaching.
The use of robots in the metal ore mining industry is improving the efficiency and productivity of mines and reduces operational costs. Robotics is significantly increasing the mining capabilities by rolling out autonomous trucks and drills, thus reducing the need for human workforce. Robots are used in some critical mining activities such as drilling, blasting explosives in the mines, and guiding and driving off-highway haul trucks operating in mines.
Metal Ore Mining Market Segmentation: -
By Type
1. Gold Ore Mining
2. Iron Ore Mining
3. All Other Metal Ore Mining
4. Silver Ore Mining
5. Uranium Ore Mining
6. Vanadium Ore Mining
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Metal Ore Mining Market Characteristics
4. Metal Ore Mining Market Product Analysis
5. Metal Ore Mining Market Supply Chain
......
20. Metal Ore Mining Market Competitive Landscape
21. Key Mergers And Acquisitions In The Metal Ore Mining Market
22. Market Background: Mining Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the metal ore mining market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the metal ore mining market are Rio Tinto Plc; Vale SA; BHP Billiton Ltd; Fortescue Metals Group Ltd; Barrick Gold Corp
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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