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Brazil is the world's fifth largest mineral producer and, as a result, one of the world's largest markets for mining equipment. During 2013 to 2016 however, a prolonged recession occurred in the international mining market and prices for most Brazilian mineral commodities decreased significantly, with a corresponding negative impact .
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Surface Mining Machinery is estimated to account for the largest share with US42 billion in 2017, of the global mining equipment market, while Parts Attachments and Underground Mining Machinery to follow.
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