Underground Mining, by Mining Techniques acquired the largest market revenue share in the Indonesia Copper Mining Market– 6Wresearch.
Underground Mining would grow considerably in the coming years on account of rising investment in opening of underground mines In addition, Grasberg Block Cave mine plan to ramp up to 130,000 metric tons of ore per day by 2024, coupled with DMLZ to reach full production rates of 80,000 t per day in the end of 2022 would contribute to underground mining in the forecast period.
According to 6Wresearch, Indonesia Copper Mining Market size is projected to grow at a CAGR of 9.9% during 2022-2028. Indonesia copper mining market expected to gain traction in future years owing to expansion of copper production coupled with capacity enhancement owing to commissioning of the Gorontalo, and the Beruang Kanan Main (BKM) copper projects Furthermore, the electronic sector is flourishing in Indonesia with domestic sales of electronic products increasing by around 11% every year would augment the demand for copper and thereby contribute positively towards the growth of copper mining in the nation. Moreover, Grasberg transition to underground progressing coupled with addition of 139 draw bells at Grasberg Block Cave would contribute to a positive trend of copper mining in the forecast period.
According to Subham Padhi, Research Associate, 6Wresearch, “The Indonesia Copper Mining Market has registered moderate growth in 2018-2021 owing to Ongoing ramp-up at the Grasberg minerals district’s underground operations coupled with upcoming copper smelter construction worth $3 billion. Moreover, with rising manufacturing and sale of electronic products by 250 companies having manufacturing in Indonesia along with government’s efforts made in 2018-2019 to meet the challenges faced by electronics sector which resulted in rising FDIs in electronics sector in Indonesia and would create lucrative growth opportunities for the copper mining industry in the nation.
“Indonesia Copper Mining Market (2022-28)” report provides an in-depth analysis with 13 figures and 5 tables, covered in 49 pages. The report comprehensively covers the market by mining techniques, by types and by end users. Indonesia Copper Mining Market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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