Reportstack has announced a new market research publication on Finding Talent in Mining Industry becomes a key Challenge for the Growth of the Global Cobalt Market which finds the availability of talent in the mining industry to be a key challenge for the growth of the Global Cobalt Market. The findings are for the forecast period 2014-2018.
The mining industry, particularly in the Democratic Republic of Congo (DRC) and Zambia, is experiencing rapid growth due to increasing global demand for cobalt and platinum group metals (PGM). Apart from the political and social problems in these countries, the mining industry is encountering difficulties finding professionals with the right knowledge and skills to take on complex mining jobs. The unstable socio-economic problems, employee disputes in mining sites, and armed conflicts in these countries are hampering the recruitment of skilled labor. In addition, the mining industry in general is facing competition from the higher paying oil and gas industry in the recruitment of newly qualified professionals and workers. This is resulting in greater bargaining power for unions when negotiating with their employers about remuneration and other disputes.
Globally, the DRC is the undisputed leader in cobalt production, accounting for more than 50 percent of total global production. China and Canada closely follow this, with Russia and Australia acting as the other leading producers of cobalt.
To determine the scenario for these vendors in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Finding Talent in Mining Industry becomes a key Challenge for the Growth of the Global Cobalt Market report.
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