AKRON, Ohio — The North American mining industry is rebounding, with demand for coal and construction metals on the upswing.
Both surface and underground mining in North America experienced a healthy rebound in 2021, with some headroom to return to pre-pandemic levels, according to Sarah Robinson, B2B mining business segment marketing manager for Michelin North America Inc.
"While mining production indexes continue to improve, the industry has not reached pre-pandemic levels due to headwinds in labor, parts, shipping and equipment," said Rob Seibert, president of off-the-road tires at Bridgestone Americas Inc.
"However, we expect that the stimulus of the infrastructure package will help support copper, iron ore and other mined material in order to supply the critical raw materials needed for investments in EV, green energy, utilities, roads, bridges and other policies. Today, we are seeing strong commodity demand that is in turn impacting pricing. We expect the industry will continue to ramp up production as a result of increased demand, which will positively impact the mining tire market outlook in 2022," Seibert said.