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Stock impact report

Mining Truck Market To Reach USD 38.4 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, May 08, 2024 (GLOBE NEWSWIRE) -- Rising urbanization and excavation activities drive the mining trucks market The mining truck market is experiencing a notable upsurge in demand, primarily propelled by rising exploration and extraction activities worldwide. As economies undergo development and urbanization, the demand for essential raw materials like coal, iron ore, and precious metals has surged. According to the United States Geological Survey (USGS), global iron ore production soared to 2.7 billion metric tons in 2021, underscoring the heightened requirement for mining equipment. Furthermore, infrastructure development initiatives, particularly in emerging economies, fuel the need for efficient transportation of mined materials, amplifying the demand for mining trucks. Another pivotal driving factor is the mining industry's emphasis on operational efficiency and productivity. Advanced mining trucks outfitted with expanded hauling capacities, enhanced Show less Read more
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