"However, that's not to say that China's mining activity will grind to a halt. The country will still represent one of the fastest growing national markets, they just won't be able to maintain the pace they've set historically," he added.
[Kyle Peters] agrees, adding that Freedonia's analysis showed that, globally, investment in new mining equipment has grown modestly faster in constant dollar terms than mining output since 2004, which means there are fewer tonnes of material being produced per dollar spent on mining equipment. This decline has been in part due to emissions control devices required on equipment in the US, Canada and the EU.
"However, manufacturers have introduced new generations of mining equipment with technological features that are geared towards improving efficiency," Peters told IM. "Government-led efforts are also being introduced to improve mine efficiency, such as those in China."
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