LONDON--(BUSINESS WIRE)--Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Mining Chemicals Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of mining chemicals and acts as an all-inclusive guide for making smart purchasing decisions.
“Aging of mines has led to more complex mining process for the extraction of high-quality ores and is a major challenge in the mining industry,” says SpendEdge procurement research analyst Anil Seth. “This has increased the demand for mining chemicals in mining processes to improve the efficiency of the production process and extract high-quality ores,” added Anil.
Key Report Features
| Supply Market Insights | Negotiation Strategies | |
| Procurement Best Practices | Category Risk Analysis | |
| Cost Saving Opportunities | Key Supplier Analysis | |
| Pricing Models | Supplier Capability Matrix | |
Looking for more insights from this report? Request a free sample report
SpendEdge sample reports are free of charge and provide insights that focus on cost-saving aspects of procurement and optimization of category spend.
Report Insights
- Suppliers in the mining industry, especially in iron ore, gold, and copper mining processes, are increasing the use of mining chemicals such as explosives in the blasting and drilling processes to maintain the consistency in the quality of the ores and enhance the mining processes. This has led to increasing demand for mining chemicals in the explosives and drilling application segments, which is driving the growth of the global mining chemicals market.
- Purchasing managers must partner with suppliers that provide assistance in forecasting demand and prices of mining chemicals for the duration of the contract period. This will help purchasing managers procure at optimum prices and help them efficiently manage their storage and inventory costs.
- Most suppliers are resorting to the digitization for smooth running of operations and improve efficiency across their value chains. However, as the adoption of digitization and IT is at a nascent stage across both the parties, purchasing managers find it difficult to assess if the IT infrastructure being used by suppliers will be compatible with that of their own.
This report is available at a discount for a limited time only: View the report snapshot before purchasing
Mining Chemicals Pricing Trends
The spot pricing and volume-based pricing are the two most widely accepted pricing models in the mining chemicals market. The spot pricing model offers a higher level of transparency in pricing, as the prices are based on prevailing market conditions and helps purchasing managers obtain cost-benefits during drops in prices. However, volume-based pricing helps purchasing managers plan better procurement budgets, as the prices are fixed for the duration of contracts. Moreover, it helps them reduce management effort, as it does not require continuous monitoring of prevailing market conditions.
Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now.
We also customize reports to meet clients’ requirements.
Browse Related Reports:
- Global Phosphate Category - Procurement Market Intelligence Report
- Global Mining Chemicals Category - Procurement Market Intelligence Report
- Global Carbon Black Category - Procurement Market Intelligence Report
About SpendEdge
SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.
