Recent research predicts that the mining automation market will be worth $3.29bn by 2023 — a compound annual growth rate (CAGR) of 6.7 per cent since 2017. While automation greatly enhances productivity, it also places additional demands on steel components. This article examines why wear resistant steels are vital to modern, enhanced production.

The research by Markets and Markets found that the recent boom in automated mining technology is going from strength-to-strength. Atlas Copco, Rio Tinto and Caterpillar are presently among the big players in automated mining, and Asia-Pacific (APAC) is set to becoming the largest market.

However, the more intense rigours of automated drilling processes also put greater demands on steels used in