Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Metals and Mining Industry-The Fast Growing Industry

By Pramod Lomte Subscribe to RSS | April 10th 2012 | Views:
loading
 
  



Metals and mining industry involves extraction of gold, aluminum, coal, precious metals, and steel. The market for this industry is oligopoly as there are very few producers. Market research reports have found that iron, steel, and aluminum are the largest segment of global metals. The industry includes services like recycling, rolling, forging, spinning, smelting, polishing, and plating pipes, wire, tubes, bars, rolls and springs. The companies in the industry are engaged in extraction of ores, rare minerals, uranium, precious stones, diamond, platinum, gold, and silver.

Research reports noted that major market for metals and mining industry is construction and automotive industry. The other small consumer segments for metals and minerals include agriculture, electrical, industrial machinery, domestic and commercial equipment. Reports have found that leading companies like General Motors Company, Toyota Motor Corporation, Ford Motor Company, and Honda Motors Company Ltd. are the major consumers of metal and mines.

Market research reports have found that major producers are able to develop and discover new deposits. Analysts have anticipated that there will be double increase growth in coming years. The prices of raw materials in metals industry is increasing rapidly. The integration of raw material sources and economies of production will help to control the costs of the extracts in the industry. Industry reports found that Asian region especially the China and India are the highest producers and consumers of metals. It is said that China is the world’s largest consumers of metals.

The steel industry was affected by economic downturn. According to the World Steel Association there was 15% growth in world crude steel production 2010 compared to that of 2009. The gold price fluctuates and it one of the precious and popular metal. Silver is not as important as gold and is often discovered accidentally as product of gold or any other metal like lead and copper.

Metals industry consists of three types of firms. Very first type is the exploration company. They just carry out drilling operations to find out metals. The second type of firm is development firm. The development firm works on areas explored by exploration firms or on the areas which are proved to be gold deposits. The last type is production firm which extract and produce gold from the mines.

Market reports found that gold production is increasing. Supply is more while the demand is stable. It is predicted in the research reports that if the amount of gold increases in future the rates of gold may decline and vis-à-vis. It is said that the gold or silver which is in the form of biscuits is more pure than coins. The underground mines are more valuable than open pit mines. For more details visit http://www.reportandprofile.com

Pramod Lomte - About Author:
Pramod Lomte is the author of this article. He has been demonstrating his writing skills by writing the articles for market research reports from last two years. He also has a keen interest in writing stuff for Company Profile related topics. He has written various articles on Market Research. He specialized in coverage of Industry Reports.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/metals-and-mining-industry-the-fast-growing-industry.htm

Related Business Articles Subscribe to RSS

Role of reclaim rubber manufacturers in the success of Indian rubber industry
Published by Deepti on May 10th 2012 | Business
The Indian rubber industry is one of the fastest developing industries with scores of brilliant oppo...
 
Textile industry: a Major Sector in India
Published by Keshav Dussal on March 17th 2012 | Business
Business to Business portals helps to improve your business opportunities as per market trends. Manu...
 
The music industry is changing
Published by Seolncr on May 21st 2012 | Business
Change is good. Just ask the millions of unsigned artists worldwide trying to get their music heard....
 
Plast: international exhibition for plastics and rubber industry
Published by Francesca on January 23rd 2012 | Business
Plast, the international exhibition for plastics and rubber industry that takes place every three ye...
 
Need to consult an experienced distribution company to publish industry news releases
Published by Andersonclark on February 6th 2012 | Business
Online has been preferred for publishing business or industry news, simply because the news will spr...
 
Ups and Downs within CAD industry – Has it affected business?
Published by Macjohn on August 21st 2012 | Business
Auto CAD became so popular that all engineering services was christened under “CAD Services”. Ho...
 
An outlook on Indian rubber industry
Published by Deepti on May 14th 2012 | Business
The Indian reclaim rubber is extremely popular across the globe owing to its tremendous production i...
 
Glance at the CAD industry – are we exploiting CAD Technology to the best of abilities?
Published by Mrinste Adams on January 10th 2012 | Business
CAD Industry and the definition of "CAD" have changed over a period of time. CAD earlier was limited...
 
Contribution of reclaim rubber manufacturers to flourishing Indian rubber industry
Published by Deepti on May 14th 2012 | Business
The Indian rubber industry has become the fastest growing rubber industry in the last couple of year...
 
High voltage power supply devices are essential for your industry
Published by Julia Bennet on February 27th 2012 | Business
Power supply is something none of us can do without, whether we are domestic or industrial consumers...
 
Secure buying and selling: Be mindful whilst buying and selling through B2B industry
Published by Minal Dussal on February 29th 2012 | Business
Business to Business Market Place is portal to provide the business opportunity for to promote their...
 
Media schools: a gateway to media industry
Published by My News on May 18th 2012 | Business
Media is the only thing that keeps people connected with each other, whether it is through print med...
 
The development of network security cameras to the impact of the security industry
Published by Guardlyer on June 19th 2012 | Business
CCTV (closed abuttals television) cameras acquire been about aback able 70 years. They acquire ser...
 
Availability of Aluminum Molding provides components for DIY or professional industry projects
Published by Nate on June 20th 2012 | Business
Orange Aluminum’s inventory of standard aluminum molding including decorative trim and the functio...
 
Indian packaging industry to get boost from Pharma and food industry
Published by Uflexltd Packaging on December 28th 2011 | Business
The packaging industry in India is creating ripples on the global front and is moving upwards to be ...
 
HIPAA compliant medical billing and coding for the healthcare industry
Published by Outsource Strategies International on June 7th 2012 | Business
HIPAA compliant medical billing and coding enable healthcare firms to submit insurance claims prompt...
 
CAD drafting – Emerging trends in engineering industry
Published by Kimberly Smith on June 16th 2012 | Business
For obvious reasons, CAD drafting services has secured a unique place amongst the upcoming technolog...
 
BOPP films project massive demand in Indian packaging industry
Published by Uflexltd Packaging on May 8th 2012 | Business
BOPP films represents one of the high-growth segments in the global plastic film and sheets industry...
 
Texas Utility companies offer best prices in the industry
Published by Jordan Adam on March 28th 2012 | Business
The fundamental reason for Texas Utility companies to maintain low prices whether for Business Elect...
 
Concrete grinder is widely used in the industry for concrete grinding
Published by Paular Change on May 28th 2012 | Business
These are a number of the concrete grinder tools to be used over a harder concrete grinding floor to...