The rise in the demand for base metals by buildings and the construction industry owing to the rising urbanization, infrastructural development, and growth in the number of construction activities is the root cause fueling up the base metal mining market growth rate. Rising demand for electric vehicles and other commercial vehicles and growth and expansion of the automotive industry especially in developing economies are other factors responsible for propelling growth in the base metal mining market value. Rising industrialization coupled with increasing demand for copper worldwide will also directly and positively impact the growth rate of the base metal mining market. The rising focus of the government on pro-mining policies coupled with an increase in disposable income are some other important but indirect base metal mining market growth determinants.
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