Trends in Mining Industry Case Study Example | Topics and Well Written Essays - 500 words - 98

Trends in Mining Industry - Case Study ExampleAluminum cost is going even unhorse in China beyond much of other countries. This is due to the funding by the Chinese government which has now reduced competition for the aluminum merchandise from China. Silver and copper be amongst those expected to drop as swell, however, this may not be immediate but rather gradual. Diamond and gemstone are the minerals whose mining are expected to experience a boom realizing the largest industry growth in Australia. The mining industry in Australia has experienced a frightful growth over time and is thus expected to affect a change in the mining industry. However, geographic expeditions or mines are in a downturn. in that location is slush in companies exploration budgets. Additionally, there is a plummet of about 30% in the exploration of non-ferrous metals. Thus the focus is shifting away from the exploration of minerals to production. The nursery sector of mining is shrinking due to a jump start in troubled small miners. Small miners are experiencing problems due to lack of economies of scale. be are likely to careen beyond control due to the resultant pullback in the budgets for exploration threatening to widen the rift between depict and demand. The mining sector is in a decline falling with over 7.5% in 2014. The effects of these challenges have subsequently made companies mothball their projects as well as cap capacity. Therefore only an adoption of new ways of business ordain break this cycle. Nonetheless, CIBC world Market projects a likely rise in gold at about $US1383 per ounce as silver on the other end is to fall to about $US22.81 per ounce similarly, copper will experience a drop to $US3.17 per pound. A critical evaluation of Dicores customers and Dicores competitors shows the table below using strengths, weakness risks and opportunity (Amin, Razmi, & Zhang, 2011).