Editing Rio Tinto Group
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As you can see the mining industry is very cyclical since the price of metals are very volatile. In certain years there is a surplus of metals such as steel or copper particularly when major manufacturing and consumer countries experience economic slowdown which reduces the demand for metals. However, in the future as more countries industrialise rapidly and a greater emphasis is placed on green transition metals should increase in price in a less cyclical fashion. | As you can see the mining industry is very cyclical since the price of metals are very volatile. In certain years there is a surplus of metals such as steel or copper particularly when major manufacturing and consumer countries experience economic slowdown which reduces the demand for metals. However, in the future as more countries industrialise rapidly and a greater emphasis is placed on green transition metals should increase in price in a less cyclical fashion. | ||
== References == | == References == |