Mining Chemicals Market Procurement Research – Pricing and Forecast by SpendEdge

LONDON–(BUSINESS WIRE)–#chemicals–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

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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.

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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.

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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.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]