The "Mining Automation: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.
The global mining industry currently sits at a transition point. After enduring multiple years of low commodity prices, the industry has had to turn substantially toward cost reductions and increases in efficiency to stay afloat and remain profitable.
As a result, the industry is strongly interested in technologies, systems and other solutions that increase the efficiency and efficacy of mining operations while reducing costs. An upturn in commodity prices in 2017 and 2018 released some of this pressure.
Mining managers are now able to play catch-up and replace aging equipment, satisfying pent-up demand for this equipment caused by limited capital availability in recent years. Mining companies continue to seek new means to reduce costs and bolster profitability in the face of uncertain commodity price futures.