The Global Metal Ore Market Report by The Business Research Company covers metal ore market drivers and restraints, metal ore market size, major players, and the impact of COVID-19 on the metal ore market.
The metal ore 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 metal ore market is segmented into gold ore, iron ore, silver ore, uranium ore, vanadium ore and all other metal ores.
The presence of large metal ore reserves globally supported the metal ore mining activities. Metal ore reserves such as iron ore reserves are available in almost every country worldwide with 50 countries are involved in mining iron ore.
The global metal ore market is expected to grow from $186.65 billion in 2020 to $212.63 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $258.12 billion in 2025 at a CAGR of 5%.
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Some metal ore market trends include mining companies starting to use cognitive computing to enhance the decision-making capabilities in mining operations. The ability of cognitive computing to give insights on future trends of the industry and make real-time decisions are some of the driving factors for mining companies to implement this technology . The key areas where cognitive computing and predictive technology helps mining companies include giving accurate information on drilling locations, depth to be drilled, predicting the equipment failure in advance and autonomous transportation. Goldcorp is using IBM Watson to analyze drilling reports and geological survey reports. This approach assists geologists with the exploration process and by helping them make more accurate, data-driven decisions.
Global metal ore market segments include:
1) By Type: Gold Ore, Iron Ore, All Other Metal Ores, Silver Ore, Uranium Ore, Vanadium Ore.
2) By Organisation Size: Large Enterprises, Small And Medium Enterprises.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Metal Ore Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides metal ore market overviews, analyzes and forecasts market size, share, metal ore market players, metal ore market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The metal ore market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Metal Ore Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Rio Tinto Plc, Vale SA, BHP Billiton Ltd, Fortescue Metals Group Ltd, Barrick Gold Corp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Metal Ore Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Metal Ore Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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