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pressure. In the minerals sector, the decline in prices stopped recently, and slight price recoveries are being reported. In situations such as this, mining companies tend to invest very selectively. Due to falling investments in exploration, the number of new projects is also expected to decline in the future. Production of equipment for open pit mining has increased slightly, but production levels were already 60% lower than they had been in 2012. Key markets have changed and markets are shifting. Traditional markets such as Russia, China and the USA are shrinking, while demand in the Middle East, South America and parts of Asia is up.
Although this all sounds quite
gloomy, there is some light at the end of the tunnel. T e VDMA estimates that, after a two-year slump,
commodity prices are expected to stabilise by the end of 2015, combined with a slight upturn in certain markets such as Latin America or the Middle East. Furthermore, the VDMA sees
INDEX OF ADVERTISERS Bauma 2016
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signifi cant potential in Norway, Saudi Arabia, Poland and Indonesia, which are among the top 10 export markets behind the USA, Russia and China. Certainly, the market is not expected to outperform. However, mining equipment manufacturers are all working on solutions to help mines produce more effi ciently, safely and profi tably. “Which is why it is imperative for everyone who manages mines to come to bauma and see what’s new in this special and unique setting,” says Klaus Stöckmann, deputy managing director in the VDMA’s Mining
Equipment section. T e mood is slowly becoming more optimistic – especially with bauma coming up next year. ●
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