Is
considered to be one of the major contributorsof national income,
exports and government revenues,high investments and high paying jobs
across the globe. The market for mineral industry is intense, where
investment opportunities flourish in resource rich economies and
people, capital and technology are highly ambulant.Mining sector is
considered to be an important building block for welfare of human
development.Metals and minerals has supported human life for decades
and will continue to playa vital role in meeting the needs of the
society.
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Metals
and minerals are used by various sectors including infrastructure and
services sector for providing water, food, shelter and energy supply
for various purposes such astransportation, manufacturing,
construction, heat and light, communication,entertainment,education,
health, tourism, and other services.Owing to the specific properties
minerals and metals have a central role in everyone’s life and in
the economic development of a nation. Some of which areaesthetic
appeal, durability, high strength and the ability to conduct heat and
electricity. In minerals and mining industry safety and health of its
workers is the prime concern, where workforce goes to the work and
return back safely. Minerals industry is highly committed to becoming
free from any causalities and injuries.
In
past few years substantial investments had taken place in Africa,
Asia Pacific and LatinAmerica, and these investments are likely
toescalate in the coming years. Significant growth in exploration
andmining sector especially in Africa, Asia and Latin Americahas been
spurred due to depletion mineral deposits inEurope and the US.Also,
technological advancements has led to the enhanced feasibilityof
mining in remote and lessdeveloped regions throughout the world.
Phosphorus
is primarily mined as phosphate rock, a rock found all across the
globe. It requires about a ton of phosphate to produce significant
quantity of grains.However, it depends upon on the crop type, soil
conditions and fertilizing efficiency. Phosphorus is one of the most
common element found on earth. It is important for the construction
of bones, cell membranes and DNA, formation in human beings. It is
important for food production as it is used in commercial fertilizer.
It cannot be produced or destroyed as it has no external substitute
or synthetic version available in the market.
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The
primary purpose of phosphorus is in fertilizer for food. Naturally,
demand for phosphorus depends upon food production and by population
growth. Further, emerging economies such as India and China have high
fertilizer demand which in turn increases the demand for phosphorus
sector.
Majority
of the percentage of phosphate rock reserves are located in five
countries such asSouth Africa, Jordan, China, Morocco, and the U.S.
The U.S. also imports high quantity of phosphate rocks from Morocco.
Despite the presence of phosphorus on earth, a small percentage of it
can be mined due to legal, physical and economic constraints.
Increase
in fertilizer demand from agricultural sector coupled with high
mineral demand across the globe are some of the key drivers of the
minerals and phosphorus miningmarket. However, large numbers of
technical and capital intensive risks associated with exploration
activities can hinder the growth of the market. Advancements in
technologies brings new opportunities in the mining market owing to
the discoveries of large numbers of mineral reserves throughout the
world.
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Some
of the key players in the business of minerals and phosphorus mining
market are aRio Tinto Group, Vale S.A., Shenhua Group, Anglo American
plc, Suncor Energy, Xstrata plc, Barrick Gold Corporation,
Freeport-McMoRan Inc., National Mineral Development Corporation
Limited Goldcorp Inc.,Anglo American Platinum Limited, Newmont Mining
Corporation and Southern Copper Corporation among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
This
report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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