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metals and mining

Major Trends that Will Reshape the Future of Metals and Mining Sector

The metals and mining sector is currently recovering from one of the most difficult periods that it has encountered in decades. Due to increasing market volatility and downturn in commodity prices, now cost cuts, automation, and improved operational efficiency have become the new normal for the survival of metals and mining companies in the long-run. Furthermore, the industry has also been subject to several additional challenges including issues relating to regulation, geopolitical risks, and legal restrictions. Despite all these roadblocks, the metals and mining sector is expected to witness positive growth in the next couple of years owing to the increasing demand. Experts at Infiniti have identified key drivers that will transform the future of companies in the metals and mining industry in the years to come.

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Metals and mining industry overview: key trends to expect

metals and miningTransition to low-carbon economy

In order to meet the current energy transition, the demand for most minerals are expected to be on the rise. Furthermore, given the fact that low-emission energy and transportation systems are more mineral-intensive than their fossil fuel-based counterparts, the transition to energy-efficient options provides a great opportunity for the mining sector. Mining sector companies that power their operations with renewable energy, operate electric or hydrogen-powered truck fleets, and integrate recycling in their value chains will be best placed to sell low-carbon premium minerals.

New financing and production models

Companies in the metals and mining sector are trying to limit risks. As a result, new financing and production models will become more common in the coming years. Financing solutions such as royalty and metal stream agreements that are aimed at reducing the burden on the balance sheets of metals and mining companies will continue to gain momentum.

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Geopolitical and economic risks

Metals and mining companies must gain a comprehensive understanding of the geopolitical and economic risks in their market. Factors such as resistance to globalization and free trade are creating a direct impact on the metals and mining sector. Furthermore, import restrictions on semi-finished products including steel and aluminium are at the spotlight of recent trade disputes. Such trade disputes and wars are likely to dampen global commodity demand and disrupt the value chain of mining and metals companies.

Revamping employee base

Modern companies in the metals and mining sector can revamp their employee base by maintaining an open dialogue culture in their organization. Furthermore, due to constantly evolving technology and business models, companies in the metals and mining sector will be required to develop new skills to sustain. Retraining and transitioning programs should be planned by companies in the metals and mining industry to attract new talent as well as to channelize the efforts of their employees to the changing market expectations.

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Market Entry Strategies

5 Digital Trends to Keep Track of in the Mining Industry

The past decade has been nothing less than a roller coaster ride for companies operating in the mining industry. Commodity prices have witnessed both historic highs and lows, and operational realities have shifted irrevocably in the face of the digital revolution. This year too, the mining industry is expected to witness an array of changes. Within the mining and metals industry, digitalization will be a force that changes the nature of companies and their interaction with employees, communities, government and the environment at every step of the value chain. Mining industry companies that embrace digital trends, can expect a more nimble and profitable business, with improved decision-making and increased employee empowerment. Furthermore, when designed and implemented in the right manner, digitalization can improve safety, health, and environmental impact. Thereby, reducing injuries, saving lives, lowering emissions and wastage, and increasing transparency and sustainability of the company. Here are some of the top digital trends that are shaping the future of the mining industry:Request Proposal

  • Artificial intelligence

Artificial intelligence is one of the most popular digital trends in the mining industry. It is expected to be the next big step in the mining industry’s digital transformation. Artificial intelligence is mainly concerned with smart computers that can undertake processes and react like human beings. It can help mining companies gain greater metallurgical precision by identifying promising drilling targets. Predictive modeling of ore-bodies and blast hole drill data can lead to more precise drilling targets, optimal blast, drill patterns, and improved ore fragmentation.

digital trends

Beware of These Challenges Coming in the Way of the Mining Industry

The existence of the mining industry dates back to pre-historic times, and this industry has had its fair share of ups and downs. What are some of the key mining industry challenges and dilemmas that have left this industry grappling to survive? Can these challenges be overcome? Let’s find out:IR_Brochure

  • Aging Workforce

The current retirement ratio and potential workforce demand in the mining industry do not go hand in hand. The number of fresh candidates looking for a career in mining are much lesser compared to the retirement rates, adding to the mounting mining industry challenges. To attract new professionals to the industry, it is essential to have simultaneous efforts from different areas and partnerships ranging from human resources, technical teams, R&D, public relations, etc. In short, the mining industry must showcase itself as an attractive and exciting industry for career development.

mining industry

  • Water, Water Everywhere But…

Water has been one of the leading mining industry challenges that has become a major issue of concern for the players in the mining industry. Factors such as “Water stress” and inability to formulate a proper water management and water footprint reduction strategy are some of the key mining industry challenges that needs to be overcome.

  • Productivity Going Downhill

Productivity is one of the key deciding factors for the success of an organization. Most of the easily accessible high-grade ores are almost tapped out, and mining companies are now left with options of either mining low-grade ores or mining in remote or difficult regions. Mining industry challenges involved in extracting low-grade ores include crucial monitoring to ensure that no valuable minerals are lost to make the process economically feasible.

  • Tough Task of Process Control

One of the prominent mining challenges at the site is the variation in ore body that can cause extraction issues. Therefore, mining companies must employ a constant raw material analysis to ensure accurate process control. This is due to the fact that if the composition of the ore body changes, the extraction process will have to be changed quickly as well.

  • Environmental Footprint

There is a great deal of pollution that results from mining activities, some of which are highly toxic. Such pollutants can cause acid mine drainage as well as groundwater contamination; therefore, it requires close monitoring to ensure that these pollutants have been neutralized before being returned to the earth. The government is also taking strict regulatory actions against the disposal of mining waste and pollutants.

To know more about the mining industry challengesAsk an analyst

Market segmentation

Big Trends That Will Turn the Mining Industry into A Gold Mine of Opportunities

It is no secret that the mining industry has been battling a host of issues such as volatility in the commodity prices, labor and employment struggles, safety challenges, lack of financing, etc. Despite these dilemmas, the mining industry is one of the most promising industries that is sitting on a goldmine of opportunities. Wonder IR_Brochurewhat are the budding trends that will help the mining industry to extract huge benefits in the future?

Digging the Pathway To ‘Open Pit Mining’

Underground mining saw a dominating trend during the 20th century in the mining industry. However the past decade has witnessed a significant shift towards open pit mining. This surface mining method is different from the older extracting methods as it does not require tunneling and the minerals are extracted through an open pit. Such advanced technology has made it possible to mine ores of declining grades and more complex mineralogy without any hike in costs.

Switch Over to Renewable and Innovative Energy

Several commercial industries, including the mining industry, are emphasizing on applying new technologies and methods to their processes to reduce energy consumption and cultivate renewable energy sources. Apart from environmental benefits, switching over to renewable energy also benefits companies through significant cost savings. The stakeholders in the mining industry are also focusing on techniques such as driving towards more automated mine processes and deploying innovative energy technologies to optimize energy consumption.

The Digital Revolution

More and more players in the mining industry are constantly exploring the new doors of opportunities that digitization can open for simplifying their routine operations. Mining operators are now outlining digital strategies and fostering the right skills and capabilities to embrace digitalization in mining operations. The mining industry is also employing several new and innovative technologies into their operations such as data collection and sharing via cloud-based networks, machine learning to reduce labor cost, wearable technologies, genomic mining solutions such as the use of bacteria capable of extracting minerals, hybrid airships to haul mining equipment to remote regions that lack accessible roads etc.

Building A Shared Vision for The Sector

The relationship between mining companies and governments have been difficult in most parts of the world. One of the main reasons for this misunderstanding is the fact that governments are trying to balance their desire to attract more investments in mining and at the same time trying to support local, social and economic development, which often turns out to be a costly affair. The key to enhancing cooperation with the government, mining companies, and other key stakeholders can be possible through effective engagement and productive dialogue.

To know more about the trends that are transforming the mining industryAsk an analyst

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