EcoLur
Between 2010 and 2015 the annual average growth from mining and utilities in industrialized countries was around 1.0 per cent, during the same period, the annual average growth in emerging and developing economies was estimated at 2.8 per cent. Global production growth from mining activities were significantly affected by lower crude oil prices, according to a report released today by the United Nations Industrial Development Organization (UNIDO). The report states that the growth potential of mineral products is generally diminishing due to the depletion of mineral resources. The decline in recent years was caused by lower demand of minerals from slow growing manufacturing combined with falling oil prices. The report refers to OPEC data which lists the average price of crude oil per barrel at USD 49.5 in 2015, down from USD 109.5 in 2012.
August 15, 2016 at 18:02