Mining: A Global Outlook
San Jose, California (PRWEB) January 19, 2012
Follow us on LinkedIn – Globalization and sustainable development are major factors exhibiting a potential impact on the development of the mining industry. Companies are adopting various strategies for achieving sustainable development, in addition to managing and addressing environmental issues, regulatory risks, costs and investment related issues. Raw materials produced in the mining industry are significant starting products for several industries all over the world. Economic recovery helped in resuming mining operations at several locations following the increase in demand. Recuperation in the overall financial and economic conditions is expected to relieve pricing pressures and further increase the overall demand particularly in the end-use industry. Concerns are increasingly being raised over several issues such as climatic change, water loss, resource scarcity, population growth, energy conservation and biodiversity loss.
The accelerated industrialization of developing economies is fuelling commodity demand while several others are limiting exports of resources to suffice domestic demand. The Mining sector is witnessing shortage of skilled labor, demand surpassing supply and escalating prices. Apart from affecting prices of commodities, the scenario is altering the business approaches. The high demand from developing countries shifted the movement of commodities to non-Organization for Economic Co-operation and Development (OECD) countries. Rise in the demand for gold brought about a surge in the number of players investing in gold mining. Recovery of disposable income levels among consumers and a good source investment were major factors steering sales of gold in the form of jewelry. In the scenario, India and China emerged as the fastest growing markets for gold in 2011.
Recuperation in automobile and construction industry maneuvered growth in the demand for iron ore and aluminum industries. Consumption of platinum rose markedly as more than 20% of the products, ranging from jewelry to machinery, manufactured in the developed economies used platinum. Coal production exceeded demand as mining communities opted for environmentally sustainable fuel alternatives. Moreover, increase in demand for coal, underpinned growth in the Nickel and Chromium mining sectors as well. Gold prices continue to register hike under the influence of weakening US dollar and effects of US budget and trade deficit. Moreover, gold demand exceeds gold production, resulting in price rise. With gold sale becoming legalized in China, the global demand for gold is expected to escalate. Supply deficit in contrast to demand is projected to continue in the near future. The major reasons for decline in global gold production were the operational glitches encountered in Indonesia and South Africa. Commencement of operations in new mills is projected to salvage market performance.
The research report titled “Mining: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global mining industry, identifies major short-to-medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, France, Germany Russia and the CIS, Australia, China, India, Japan and Brazil among others. The report provides a recapitulation of recent mergers, acquisitions, and other noteworthy strategic corporate developments in addition to an included indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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