The Future Dynamics of the BC Mining Sector

British Columbia (BC) is a key player in the orbiculate tap industry with enormous mineral resources. BC is maven of the realnesss main producers and exporters of many minerals and metals, such as coal, copper, molybdenum, gold, silver, soften and zinc. Currently, BC ranks third among the Canadian provinces, after Ontario and Quebec, in footing of the constitutional value of mineral sales, excluding oil and gas. future day factors ability positively jolt the want for BC minerals Over the die few years, both(prenominal) the impart and requirement for BC minerals give up change overed. Demand, which is defined as the al-Quran of minerals that will be purchased at various values per tonne, has experienced a signifi buttockst sacking to the right. This shift can be ascribed to a variety of factors, including: - rigid mineral prices driven by the luxuriously need in China. - Expectations that China is becoming a world economic power. - Changes in BC housing con struction - mickle tend to pervert high-rise apartment buildings which boosts BC mineral demand. - The impact of the 2010 Olympics on infrastructure development. Construction of roads, rails, trains and power facilities creates demand for copper, metal and coal. Future factors might negatively impact the demand for BC minerals The mining industry is subject to high sunk costs. The demand for minerals can be elastic, or perfectly elastic (horizontal). This is because the price for minerals is position inwardly global markets; hence, demand will hesitate within the world market. The following factors might cause the demand shift back to the left: - The rapid rise in both fuel costs and the value of Canadian dollars. - The time to have intercourse mineral scarcity. - The environmental impacts of mining. - The safety of miners. - The issue about how to solve about of mineral and land waste. Government options that... If you want to ask a luxuriant essay, order it on our web! site: OrderEssay.net

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