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RnRMR: Global Mining Equipment Industry 2017
7 Views • Jan 15, 2014
Description
Despite some short term weakness, the worldwide mining machinery market is forecast to expand 8.6 percent per year through 2017 to $135 billion, spurred by voracious demand for mined materials in China, India, and several other developing nations as industrial output increases. Global patterns of investment in mining capacity will be determined in large part by these industrializing countries, as resource companies look to capitalize on new sales opportunities.
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