Irving, Texas (PRWEB) January 20, 2013
The global base metal mining industry experienced robust growth during the last five years. It is expected to continue to grow, but at a reduced pace, to reach an estimated $305 billion in 2017 with a CAGR of 6.4% over the next five years. The base metals industry was greatly affected by a global drop in commodity prices in 2009, which resulted in sharp declines in many markets. Commodity prices, however, have recovered particularly copper, zinc, and nickel.
Lucintel, a leading global management consulting and market research company, has analyzed the global base metal mining industry and presents its findings in “Global Base Metal Mining Industry 2012-2017: Trend, Profit and Forecast Analysis.”
The base metal mining industry comprises the mining of base metals, which include copper, nickel, zinc, tin, and lead. Asia dominates this industry and represents more than 50% of the global base metal mining industry. A combination of factors such as growth in related complementary industries and governmental regulations, cyclical fluctuations in input prices, general economic conditions, and end-use markets is witnessed to affect the industry dynamics significantly.
Rising demand from power generation, shipbuilding, and consumer durables in addition to technological advancements and new product development at competitive prices will be the key factors for future market growth. Uncertainty in European debt issues, saturation in end-user markets such as automotive and construction in developed regions is likely to will slow down the growth rate during the forecast period.
Lucintel’s industry research report provides an overview of the global base metal mining industry, tracking base metal market segments of that industry in four geographic regions. Thus, four segments of the global base metal mining industry are tracked. The report studies players of base metal mining, providing a five-year annual trend analysis that highlights market size, profit and cost structure for North America, Europe, Asia Pacific, and the Rest of the World. The report also provides a forecast, addressing market opportunities for the next five years for each of these regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at [email protected] Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed,market entry strategy, and cost efficiency.
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