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Introduction to the mining industry

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Erica H

 

Date added:

October 7, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1613

 

Was viewed:

2534 times

 

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Essay content:

Steel (and iron) is the biggest segment, as it makes up more than half the market in terms of volume, followed by aluminum in terms of the global metal market which is focused more in the Asia-Pacific region, followed by Europe. The metal extracted is used in industries such as automobiles and consumer durables, in particular computers which require aluminum, steel and precious metals...
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Therefore the market remains strong even in economic decline as demand stays high. Porters 5 Forces Model Michael Porter provided a framework that models an industry as being influenced by 5 forces. The model enables managers to understand the industry context in which a firm operates. The forces that the model is based on are: ? Rivalry ? Substitutes ? Buyer power ? Supplier power ? Threat of entry Each of the above will be discussed in detail...
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