The state of world mining equipment market
已有 182 次阅读 2012-05-03 11:25 标签: boost 2001 investment equipment industryGains in China, India to boost Asia/Pacific demand
China has shown strong
growth in mining equipment demand, a direct result of investment in its local
mining industry. For example, coal output nearly doubled from 2001 to 2006,
reflecting the nation’s intense need for energy. China is also a major source of
commodities such as iron ore and bauxite. Other major Asian markets for mining
equipment include Australia and India. Like China, India has experienced a major
growth in coal output. Australia is a leading producer of bauxite and iron ore.
Asia is expected to post strong gains in mining equipment demand through 2011,
reflecting further gains in the China and India markets. Latin America, which
has extensive mineable resources, will also post above average growth,
reflecting more mining investment in nations like Brazil. Eastern Europe will
also continue to provide opportunities, particularly in Russia.
Global
industry leaders look to developing countries for new mineable
resources
Despite their maturity as markets, the largest producers of mining
equipment are generally found in the United States and the industrialized
nations of Western Europe, as well as Japan. Such countries have a long history
and much expertise in the development of capital equipment industries of all
types, which many have leveraged in mining machinery. However, China has emerged
as a major producer, due in large part to the nation’s growing mining industry.
With the largest deposits of mineable resources generally located in developing
countries, the major multinationals that dominate world mining equipment
production are increasingly moving production capacity to these areas, a trend
that is expected to continue.
Demand to grow more than 5% annually through
2011
Prices for mineable commodities (especially metals like copper and iron
ore) have shown growth in recent years. This has led to intensified efforts to
mine metal ores, and thus has generated strong demand for products like mining
machinery. Meanwhile, coal, facing dwindling reserves in numerous countries,
remains in demand as an alternative source of energy in an era of high oil and
gas prices, while demand for industrial minerals (clays, sand and gravel, stone
and a myriad of others) has benefitted from the general upsurge in commodities
markets. Global demand for specialized mining machinery and equipment (including
separately sold parts and attachments) is projected to increase over five
percent per year through 2011 to more than $30 billion. Advances will be fueled
by continued demand for metals such as iron ore and copper. Also, the ongoing
global thirst for energy will boost coal output.
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