Despite this, the industrial structure of profits continue to improve, with the equipment manufacturing industry registering a rebound in profits for six consecutive months.
As legacy technologies fail to keep up with the growing demand for advanced mining activities for increased outputs and greater profits, management consulting company GlobalData believes artificial intelligence (AI) can help.
Indonesian nickel miner PT Vale Indonesia expects to complete construction by 2025 of a high-pressure acid leaching plant to produce nickel minerals used in electric vehicle (EV) batteries, its director said on Monday.