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----- •3. The mechanical engineering, and chemical properties of theoreand the parent rock. 4. The economic situation of the mining operation. 5. Safety, health, and government regulations. 6.Specialconsiderations (environmentalimpacts including socioeconomic, etc.).

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I believe the marketpriceswould go up in March or April 2019 with improved downstream demand as stainless steel market will enter the high season. Moreover, the current smelters are confronted with greatloss, and if thepricescontinue to drop, even producers in Inner Mongolia will also sufferloss.

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The plunge in thepriceof oil, from $110 a barrel in 2014 to less than $35 today, was partly because Saudi Arabia seems determined to protect its share of the oil market. Nevertheless,low pricesare a time-bomb for a country dominated by oil and a government that relies on it for up to 90% of its revenues.

This declining trend has been driven mainly by thelowoilpriceenvironment, withpricesdown by around 50% since 3Q14. As a result, the oil industry has experienced a rapid fall in global upstream spending, down by more than 20%, with North America cutting as much as 35% (Graph 2).

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The common mining practice until very recently could be summarized in a few steps: from obtaining a license, dig theore,sellthe metal, and, once the deposit was exhausted, walk‐away and start another mine elsewhere (Jain et al. 2016; EB 2017). Not surprisingly, mining is among the human activities with widestenvironmentaland social impacts.