Coal Mining Market to Surge to US$ 6,431.26 billion by 2034 with Impressive 11.4% CAGR | Fact.MR Report [Yahoo! Finance]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Yahoo! Finance
Rockville, MD , Nov. 21, 2024 (GLOBE NEWSWIRE) -- The latest study by Fact.MR reveals that the global coal mining market is estimated to rise from US$ 2,193.39 billion in 2024 to US$ 6,431.26 billion by 2034-end. The market is evaluated to expand at a remarkable CAGR of 11.4% between 2024 and 2034. The need for metallurgical coal is constantly rising because it is an essential element in steel manufacturing. The steel demand is rising, especially in countries where building and infrastructure development projects are expanding. A significant amount of high-strength steel is needed for these projects. Consequently, the demand for metallurgical coal is consistently high, leading to an increase in coal mining activities. Aside from this, coal mining operations are becoming safer and more effective due to ever-improving technology. Automation, such as autonomous drilling and hauling, lowers labor costs, expedites extraction, and shields workers from hazardous conditions. Throughout t
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Sec Filings
- 11/21/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/18/24 - Form 6-K
- BHP's page on the SEC website