Metal Ore Market Trends See Mining Players Using Cognitive Computing For Decision-Making

Metal Ore Market Report 2021 - COVID-19 Impact and Recovery

Metal Ore Global Market Report 2021 – COVID-19 Impact and Recovery

The Business Research Company’s Metal Ore Global Market Report 2021 – COVID-19 Impact and Recovery

LONDON, GREATER LONDON, UK, September 28, 2021 /EINPresswire.com/ — Mining companies are starting to use cognitive computing to enhance the decision-making capabilities in mining operations. The ability of cognitive computing to give insights on future trends of the industry and make real-time decisions are some of the driving factors for mining companies to implement this technology. The key areas where cognitive computing and predictive technology helps mining companies include giving accurate information on drilling locations, depth to be drilled, predicting the equipment failure in advance and autonomous transportation. Goldcorp is using IBM Watson to analyze drilling reports and geological survey reports. This approach assists geologists with the exploration process and by helping them make more accurate, data-driven decisions.

Major players covered in the global metal ore industry are Rio Tinto Plc, Vale SA, BHP Billiton Ltd, Fortescue Metals Group Ltd, Barrick Gold Corp.

The global metal ore market size is expected to grow from $186.65 billion in 2020 to $212.63 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $258.12 billion in 2025 at a CAGR of 5%.

Read More On The Global Metal Ore Market Report:
https://www.thebusinessresearchcompany.com/report/metal-ore-global-market-report

Asia Pacific was the largest region in the global metal ore market, accounting for 74% of the market in 2020. North America was the second largest region accounting for 9% of the global market. Africa was the smallest region in the global metal ore market.

TBRC’s global metal ore market report is segmented by type into gold ore, iron ore, all other metal ores, silver ore, uranium ore, vanadium ore, by organization size into large enterprises, small and medium enterprises.

Metal Ore Global Market Report 2021 – By Type (Gold Ore, Iron Ore, All Other Metal Ores, Silver Ore, Uranium Ore, Vanadium Ore), By Organization Size (Large Enterprises, Small And Medium Enterprises), COVID-19 Impact and Recovery is one of a series of new reports from The Business Research Company that provides metal ore market overview, forecast metal ore market size and growth for the whole market, metal ore global market segments, and geographies, metal ore global market trends, metal ore global market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Metal Ore Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3551&type=smp

Here Is A List Of Similar Reports By The Business Research Company:
Iron Ore Mining Global Market Report 2020 – By Type (Construction, Manufacturing)
https://www.thebusinessresearchcompany.com/report/iron-ore-mining-global-market-report

Mining Global Market Report 2021 – By Type (Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, And Zinc, Metal Ore, Coal, Lignite, And Anthracite), COVID-19 Impact And Recovery
https://www.thebusinessresearchcompany.com/report/mining-global-market-report-2020-30-covid-19-impact-and-recovery

Iron Ore Market – By Type Of Ore (Agglomerated Iron Ores, Non agglomerated Iron Ores And Concentrates), By End-Users (Construction, Manufacturing, Others), And By Region, Opportunities And Strategies – Global Forecast To 2030
https://www.thebusinessresearchcompany.com/report/iron-ore-market

Interested to know more about The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Or get a quick glimpse of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *