Copper, Nickel, Lead, And Zinc Mining Market Global Briefing 2018

Copper, Nickel, Lead, And Zinc Mining Market Global Briefing 2018

  • January 2018 •
  • 31 pages •
  • Report ID: 4998238 •
  • Format: PDF
The copper, nickel, lead and zinc mining industries include companies developing mine sites, mining and converting ores into copper, nickel, lead or zinc content. Mining is either done through underground and surface mining techniques.

Underground mining are used to reach deeper deposits which requires digging tunnels or shafts to reach buried ore deposits. Surface mining is used for less valuable deposits and is done by removing surface vegetation or layers of bedrock to reach ore deposits. 80% of zinc mining is extracted through underground mining whereas 90% of copper mining is done in open pits

Asia Pacific was the largest region in the copper, nickel, lead, and zinc mining market in 2017, accounting for over 51% market share.

This can be partially attributed to copper and lead demand by the electrical and electronic industry for manufacturing. North America was the second largest region accounting for around 12% market share. Eastern Europe was the smallest region accounting for over 3% market share. This was mainly due to the size of the region limited number of steel, electronic and electrical manufacturers in the region.

The implementation of IoT in mining industry is enhancing decision making capabilities and reduces production costs. IoT enables the sensors to pick up real time data, analyze the data, facilitate equipment communication, identifies faulty equipment and derive insights from the data generated.

With fully integrated network, the mining equipment is monitored on real time basis and a report is projected on when the repairs or maintenance is required. In the near future, IoT is expected to become the standard in mining industry. According to the report published by Deloitte, globally, 69% of the mining companies are looking at remote monitoring and 29% at unmanned drones to improve their operations monitoring and productivity.

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