metals market . Falling oil prices since 2015 have also hampered the growth of the market . Consequently , 2015 has been termed as one of the worst years for the global mining metals market .
A rise in labor costs has led market players to cut down their workforce . This has resulted in labor unrest across various locations in the recent years . Market players are also facing increased regulatory compliance costs due to the implementation of new taxes . The global mining metals market is expected to witness significant demand from the equipment industry .
Global Mining Metals Market : Region-wise Outlook
The global mining metals market has been segmented into four key regions : Europe , Asia Pacific , North America , and Rest of the World . Asia Pacific has been the major region in the market due to the growing demand from emerging economies such as China , Indonesia , Australia , and India . In the last couple of years , the region has witnessed increased investments in the mining sector with market players expanding their production capacities and exploring new mining sites . The rapid growth of economy in China and India has created favorable opportunities for the growth of the market . In fact , China is now playing a major role in the growth of the market . It is the largest importer of copper and imports around 45 % of the total copper mined across the globe .
Some of the prominent players in the global mining metals market are Rio Tinto ( Australia / the U . K .), BHP Billiton ( Australia / the U . K .), China Shenhua Energy ( China ), Vale ( Brazil ), and Glencore Xstrata ( the U . K .). Currently , the key players are struggling to maintain their profit levels with the market suffering from oversupply and weak demand for mining metals . Prices of mining metals are falling below the cost of production across many mining projects by the key players .
Fill the form for an exclusive sample of this report @ http :// www . transparencymarketresearch . com / sample / sample . php ? flag = B & rep _ id = 11207