Asia-Pacific region as promising market for mining industry

DOI: https://doi.org/10.30686/1609-9192-2023-5-44-51

V.B. Kondratiev Institute of World Economy and International Relations of the Russian Academy of Sciences, Moscow, Russian Federation Russian Mining Industry №5 / 2023 р. 44-51

Abstract: The development and economic integration of South and Southeast Asia is an interesting phenomenon in the present day world. International experts expect economic and per capita to be growing faster in Asia than in any other region of the world. Despite the fact that the region is made up of countries that are very different in their character, the region has a lot of untapped economic potential. Asia has redefined the global demand for minerals over the past 20 years and will play an important role in shaping it over the next decades. Therefore, understanding what is underway in this region is of great importance to the global mining industry. The article looks into the economic potential of the ASEAN countries, specifically highlighting the role of India. The author believes that the region will take on some of the functions to stimulate the global economy as China's domestic economy slows down. An assumption is made that the largest mineral and metallurgical producing countries in the region will use their resources to provide many of the minerals that will be required by the other countries in the region for their industrialization.

Keywords: South-East Asia, mining industry, mineral resources markets, global economy, Gross Domestic Product, investment growth, Association of South-East Asian Nations, ASEAN, Asia-Pacific Economic Cooperation countries, APEC

For citation: Kondratiev V.B. Asia-Pacific region as promising market for mining industry. Russian Mining Industry. 2023;(5): 44–51. (In Russ.) https://doi.org/10.30686/1609-9192-2023-5-44-51

Article info

Received: 05.07.2023

Revised: 23.08.2023

Accepted: 28.08.2023

Information about the author

Vladimir B. Kondratiev – Dr. Sci. (Econ.), Professor, Head of Center for Industrial and Investment Research, Institute of World Economy and International Relations of the Russian Academy of Sciences, Moscow, Russian Federation; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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