LCC Asia Pacific Releases Research Survey on Mining Wear Parts Market for 2019

SYDNEY, December 1, 2018 (Newswire.com) - LCC Asia Pacific, an award-winning boutique corporate finance and strategic advisory firm, has today released the results of a detailed survey into industry expectations for the Wear Parts market across 2019.

"LCC Asia Pacific issued an invitation to over 170 companies that are involved in the wear parts sector of the mining industry, seeking their feedback and input on a series of critical issues - from trends in client demand for products through to availability of skilled labor," Nicholas Assef, LCC Asia Pacific's Founder & Principal commented. 

The results of the Wear Parts Survey have been insightful including anticipated better conditions from 2018 although with ongoing concern on issues such as the stability of raw material prices, the availability of skilled labor to meet positive market conditions and a clear trend of Mine Operators to wanting better performing Wear Parts - including through advancing technology and innovation.

Nicholas Assef, Founder & Principal

"Wear Parts are a critical component in the overall mining process - playing a vital role in protecting core infrastructure in a variety of applications including conveyor belts, transfer chutes, mobile machinery, ground engagement tools, screens and trommels. The performance of wear parts directly impacts the profitability and overall efficiency of mining operations - and so we look at market demand for Wear Parts as a leading indicator for the Mining industry performance," Nicholas Assef continued.

The LCC Asia Pacific 2019 Wear Parts Survey asked respondents to comment on a number of subjects, including the focus of Mine Owners & Operators on performance and technology innovation in Wear Parts and expected investment by Sector Constituents in innovation and facilities across 2019.

"The results of the Wear Parts Survey have been insightful including anticipated better conditions from 2018 although with ongoing concern on issues such as the stability of raw material prices, the availability of skilled labor to meet positive market conditions and a clear trend of Mine Operators to wanting better performing Wear Parts - including through advancing technology and innovation," Nicholas Assef concluded.

A copy of the Executive Summary of the LCC Asia Pacific 2019 Wear Parts Survey is available by emailing insights@lccasiapacific.com or by contacting LCC Asia Pacific on Phone :  + 61 2 9262 2121

Source: LCC Asia Pacific