Global Mining Equipment Market: An Overview
According to the World Bank, our world’s global GDP in 2017 stood at $80 trillion in nominal terms.
An elementary example comes from the official website of US Mineral Information Institute which states that nearly 130 million cell phones retired in the US annually contributing almost 2,100 metric tons of copper, 46 metric tons of silver, 3.9 metric tons of gold, 2 metric tons of palladium, and 0.04 metric tons of platinum as its residues.
There is increased safety as well which results in minimal fatality inside the tunnels.
According to the analyst, the Asia Pacific region leads the mining equipment market.
All these factors point towards the imperativeness of the mining equipment market, and how much it can help sustain human life’s technical needs.
