(MoneyNewsWire.Net, September 26, 2018 ) Metal ore mining industry primarily covers mining of metallic minerals and development of mine sites. It also includes ore dressing, and other beneficiating operations such as crushing, grinding, washing, drying, sintering, concentrating, calcining, and leaching.
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The global metal ore mining market has shown negative growth in the past
years with a CAGR negative 2%, reasons of which are described in the report. The year 2013 recorded highest ever growth in this market with a net value of over $500 billion, which decreased till 2015 and then gained a push in 2016, as per TBRC’s inhouse consultants.
TBRC’s latest report show the growth and decline trends in the market for each year, globally and geographically with sourced reasons to support the claims.
The report also shows the metal ore mining market to grow with a high CAGR by 2021, along with geographies best suited for investments with highest return rate.
Companies included in the report are Rio Tinto Plc, Vale SA, BHP Billiton Ltd, Fortescue Metals Group Ltd, and Barrick Gold Corp.
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High expected growth rate in this industry is attributed to the expectation of greater stability in the commodity prices, and rising demand for iron ore products from developing countries such as China and India, for purposes of building and construction and manufacturing.
TBRC’s latest report gives a regional analysis for the market, along with latest market trends described.
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