Innovation in the Mining Sector and Cycles in Commodity Prices

Innovation in the Mining Sector and Cycles in Commodity Prices
Title Innovation in the Mining Sector and Cycles in Commodity Prices PDF eBook
Author Giulia Valacchi
Publisher WIPO
Pages 35
Release 2019-05-09
Genre Law
ISBN

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This paper analyses the evolution of innovation in the mining sector and how this innovation responds to the economic environment, in particular to changes in commodity prices. For this purpose, we combine commodity price data with innovation data as proxied by patent filings extracted from a novel unit record database containing comprehensive patent and firm level data for the mining sector from 1970 to 2015. We include patents registered both by mining companies and mining equipment, technology and service (METS) firms. With a multi-country panel analysis, we find that innovation in the mining sector is cyclical. Innovation increases in periods of high commodity prices while decreasing during commodity price recessions. Our results suggest that innovation increases mostly with long price cycle variations, while mostly unaffected by medium and short cycles. METS related innovation seem the driving force of this mechanism. In contrast, countries specializing in mining industries are found to be slower in reacting to price changes.

Innovation in the Mining Sector and Cycles in Commodity Prices

Innovation in the Mining Sector and Cycles in Commodity Prices
Title Innovation in the Mining Sector and Cycles in Commodity Prices PDF eBook
Author Giulia Valacchi
Publisher
Pages 0
Release 2023
Genre
ISBN

Download Innovation in the Mining Sector and Cycles in Commodity Prices Book in PDF, Epub and Kindle

This paper analyses the evolution of innovation in the mining sector and how this innovation responds to the economic environment, in particular to changes in commodity prices. For this purpose, we combine commodity price data with innovation data as proxied by patent filings extracted from a novel unit record database containing comprehensive patent and firm level data for the mining sector from 1970 to 2015. We include patents registered both by mining companies and mining equipment, technology and service (METS) firms. With a multi-country panel analysis, we find that innovation in the mining sector is cyclical. Innovation increases in periods of high commodity prices while decreasing during commodity price recessions. Our results suggest that innovation increases mostly with long price cycle variations, while mostly unaffected by medium and short cycles. METS related innovation seem the driving force of this mechanism. In contrast, countries specializing in mining industries are found to be slower in reacting to price changes.

The Mining Sector: Profit-seeking Strategies, Innovation Patterns, and Commodity Prices

The Mining Sector: Profit-seeking Strategies, Innovation Patterns, and Commodity Prices
Title The Mining Sector: Profit-seeking Strategies, Innovation Patterns, and Commodity Prices PDF eBook
Author Beatriz Calzada Olvera
Publisher
Pages 0
Release 2022
Genre
ISBN

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Global Challenges for Innovation in Mining Industries

Global Challenges for Innovation in Mining Industries
Title Global Challenges for Innovation in Mining Industries PDF eBook
Author Alica Daly
Publisher Cambridge University Press
Pages 381
Release 2022-04-21
Genre Law
ISBN 1108916333

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People have been digging in the ground for useful minerals for thousands of years. Mineral materials are the foundation of modern industrial society. As the global population grows and standards of living in emerging and developing countries rises, the demand for mineral products is increasing. Mining ensures that we have an adequate supply of the raw materials to produce all the components of modern life, and at competitive prices. Innovation is central to meeting the diverse challenges faced by the mining industry. It is critical for developing techniques for finding new deposits of minerals, enabling us to recover increasing amounts of minerals from the ground in a cost-effective manner, and ensuring it this is done in a way that is as environmentally responsible. This book provides the first in-depth global analysis of the innovation ecosystem in the mining sector. This book is Open Access.

Global Challenges for Innovation in Mining Industries

Global Challenges for Innovation in Mining Industries
Title Global Challenges for Innovation in Mining Industries PDF eBook
Author Alica Daly
Publisher Cambridge University Press
Pages 381
Release 2022-04-21
Genre Business & Economics
ISBN 110884278X

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Offering the first in-depth global analysis of the innovation ecosystem in the mining industry, this book is aimed at policy-makers and academia alike. A wide range of international contributors assess this from different perspectives, using both a novel mining patent and innovation database and a wide set of analytical approaches.

Evolutionary and Revolutionary Technologies for Mining

Evolutionary and Revolutionary Technologies for Mining
Title Evolutionary and Revolutionary Technologies for Mining PDF eBook
Author National Research Council
Publisher National Academies Press
Pages 102
Release 2002-03-14
Genre Science
ISBN 0309169836

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The Office of Industrial Technologies (OIT) of the U. S. Department of Energy commissioned the National Research Council (NRC) to undertake a study on required technologies for the Mining Industries of the Future Program to complement information provided to the program by the National Mining Association. Subsequently, the National Institute for Occupational Safety and Health also became a sponsor of this study, and the Statement of Task was expanded to include health and safety. The overall objectives of this study are: (a) to review available information on the U.S. mining industry; (b) to identify critical research and development needs related to the exploration, mining, and processing of coal, minerals, and metals; and (c) to examine the federal contribution to research and development in mining processes.

Measuring Innovation in the Mining Industry with Patents

Measuring Innovation in the Mining Industry with Patents
Title Measuring Innovation in the Mining Industry with Patents PDF eBook
Author Giulia Valacchi
Publisher WIPO
Pages 62
Release 2019-05-09
Genre Law
ISBN

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Traditionally, the mining sector has been considered a slow innovator compared to other industries, like the manufacturing or pharmaceutical industries. However, we observe an upsurge in the innovation activity of the mining industry in the first half of the 2000s. During this period, mining innovation started to increase rapidly after periods of stagnation and downward trends. To conduct and in-depth investigation of the global trends and patterns behind this structural change in mining innovation, we formulated a general search strategy to identify patent activity in this sector. The strategy is repeatable over time and in multiple databases. It enabled us to produce a dataset of patents in mining and mining-related technologies. Using this newly-created database we identified at the basis of the structural change a switch away from refining technologies into exploration and environmental technologies probably explained by the took over of the so-called 4th Industrial Revolution. The types of actors active in the mining innovation also changed across time: there are now many more individuals, research centers and universities innovating in mining and relatively less companies. Finally, the country composition in the pool of mining innovation activity has radically changed with the appearance of China on the global scene starting from early 2000.