PRLog (Press Release)
- Oct. 11, 2013 - NEW DELHI, India --
Brazil has significant mineral deposits and globally is one of the largest producer and exporter of minerals. The country has one of the largest reserves in the world for the minerals such as niobium, tantalite, manganese, iron ore, bauxite and for other minerals. The mining market of Brazil has been dominated largely by the iron ore mining market. In 2011, the total reserves for iron ore were 20,359,000.0 thousand metric tons. Iron ore in Brazil is mainly concentrated in the states of Minas Gerais and Para. The domestic consumption of minerals especially for iron ore, copper and aluminium is anticipated to grow in the country in the near term due to the various infrastructure projects started by the Brazilian government and due to the commencement of large sports events such as FIFA World Cup in 2014 and Olympics in 2016. The growing demand of minerals will lead to an increase in the prices of the commodities and thus will augment the growth of the mining market in Brazil. The consumption of minerals will not only be increased in the infrastructure sector but also in automobile and electronics sectors that require steel as a raw material. Due to the surging population of Brazil, the demand for vehicles and electrical products is expected to rise significantly in the coming years and this would contribute to the increase in the demand of metals such as copper and steel.
“The mineral consumption in various sectors such as the construction industry, automobile industry, oil and gas industry and in chemical industries has driven the mining market of Brazil over the years.”- According to the research report ‘Brazil Mining Market Outlook to 2017
’ by Ken Research.
The major minerals which are produced in the country include iron ore, bauxite, copper, niobium, lead, tin and gold. The country has significantly invested in developing its programs for geological mapping and hydro geologic mapping that is required for mineral exploration of large areas. It has been estimated that significant investments will be made in the coming years especially in the iron ore, copper and gold mining market.
The report provides detailed overview on the mining industry in Brazil and helps reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants and mining companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.
For more information on the industry research report please refer to the below mentioned link:http://www.kenresearch.com/mining-construction--infrastru...