DALLAS, May 31, 2013 /PRNewswire-iReach/ -- United States Mining Report Q3 2013 and United States Tourism Report Q3 2013 are new market research reports available with RnRMarketResearch.com.
Slow but steady growth forecast for United States mining industry – value to reach US$66.1 billion in 2017 representing an average growth rate of 1.8% per annum – with emerging markets attracting the bulk of mining investment, says the report United States Mining Report Q3 2013 (http://www.rnrmarketresearch.com/united-states-mining-report-q3-2013-market-report.html). Whereas the report United States Tourism Report Q3 2013 (http://www.rnrmarketresearch.com/united-states-tourism-report-q3-2013-market-report.html) says tourist arrival data for January indicated that outbound tourism got off to a slow start in 2013, with international departures growing by just 0.6% year-on-year (y-o-y), to total 1.9mn.
The domestic mining sector in US is seen growing at a slower pace than many developed market peers, such as Canada and Australia, and yet show that promising opportunities for mine development in the US still exist. The key drivers of United States mining industry growth forecasts will remain minerals for which global prices and fundamentals remain relatively favourable, primarily copper and gold. Though this Q3 2013 US mining report forecasts prices to fall, they will remain elevated by historical standards and should keep mining operations profitable, though profit margins at major miners will be under greater pressure. Various firms have active copper projects on the horizon in an effort to counteract several decades worth of falling ore grades in the US, though weakness in copper prices will likely temper capital expenditure. This research sees minimal investments into mineral resources for other base metals. Weak market fundamentals for zinc and lead will keep price gains modest in the coming years and domestic mining companies in the US are not expected to invest much in developing these resources after production falls in 2012.
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Within the tourism industry, January is a traditionally slow time for outbound US tourism, as most US tourists travel in the Christmas holiday season. Outbound tourism tends to pick up towards the Easter holiday and into the summer months. For 2013 as a whole, this research on US tourism industry is predicting tourist departures to grow by 3.8%, slightly below growth of 4.3% registered in 2012.
Official US arrivals data for 2013 has not yet been released but international air arrivals can be used as a proxy. In February 2013 international air traffic by non-US citizens grew by 5.0% y-o-y. In the same month, international visitors in the US spent an estimated US$14.3bn – representing a rise of 5.0% y-o-y. This is encouraging for the industry given that February is low season for international tourism to the US, and suggests that arrivals will remain strong later in the year. This report is forecasting full-year arrivals of 57.5mn in 2013, or growth of 4.3%.
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Explore more Q3 2013 market reports on multiple industries and for various countries from around the world by Business Monitor International @ http://www.rnrmarketresearch.com/publisher/Business-Monitor-International.html.
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