Global Mining Sector Investigated by Timetric in Its New Research Report Recently Uploaded at MarketPublishers.com28 Nov 2016 • by Natalie Aster
LONDON – In 2014, the overall production of chromite ores and concentrates reached 29 metric tonnes, registering 0.7% YoY growth.
In January 2015, the worldwide chromium reserves were estimated at more than 484 metric tonnes with just three countries holding a 95% share of the global reserves, namely Kazakhstan, South Africa and India. Small reserves are also found in Turkey, the US, Brazil and Finland.
Metallurgical processes present the key chromite application area. Nearly 90% of all chromite ore mined worldwide is used in the production of stainless steel.
The future outlook for the stainless steel industry is strongly dependent on chromite ore and nickel. This emphasizes the necessity for backwards integration in the value chain of the stainless steel industry, with top stainless steel producers directly engaged in chromite ore production.
Steady healthy growth in the world’s chromite ores and concentrates production is driven by the constantly increasing demand for the ferrochrome and stainless steel markets across the globe.
Cutting-edge research study “Global Chromium Mining to 2020” worked out by Timetric presents insights into the global chromium mining sector, gives updated statistics on global chromite ores and concentrates reserves by country, uncovers historical and present info and also forecasts through 2020. This research publication comprises statistics on production, consumption, reserves, capacity, foreign trade and demand. The report also highlights the main demand drivers and examines the key factors responsible for the chromium market development. It discusses top trends, explores lucrative opportunities, covers emerging challenges and also shows possible ways of the future development of the global chromium mining sector development up to 2020.
More reports by Timetric are provided at this page.