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Business Economics Vol. 44, No. 3 r National Association for Business Economics Focus on Industries and Markets The leading mining machinery terms of weight. There are World Mining manufacturers account for about rare or precious metals, such as Machinery one-fourth of total production. gold, silver, tungsten, vanadium, There are many small and that are excavated in much Michael A. Deneen is a senior medium-size companies in the smaller quantities, but whose industry analyst at The Freedonia field; but as the large, well- monetary value is quite high, so Group in Cleveland, Ohio. funded multinational com- mining machinery is dedicated to Andrew C. Gross is Professor panies build up production and recovering them as well. (In this of Marketing and International marketing networks around the paper, we do not deal at all with Business at Cleveland State globe, concentration is likely to any machinery related to the University in Cleveland, Ohio. increase. extraction of crude oil, natural At its core, the demand for gas, or water.) Business Economics (2009) 44, mining machinery and related Statistics in Table 1 show that 169–176. doi:10.1057/be.2009.2 parts is derived from the world production of specific demand for ‘‘mine-able’’ natural mined materials has been on
Business Economics – Springer Journals
Published: Jul 1, 2009
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