Robots are increasingly deployed in industrial settings as the cost has fallen by 50% over the past 30 years according to an article at Blackrock’s iShares. In some countries rising aging population leads to labor shortages. The usage of automation via robots increases in these countries to alleviate the effects of declining labor. For example, …
Continue reading ‘Robot Density in the Manufacturing Industry by Country: Chart’ »
Diamond is the hardest metal in the world. Hence it is widely used in many industrial applications than just in jewelry. Since it is so hard diamond is used to scratch other metals. Of course in the jewelry world a diamond has no match in terms of beauty and value. The next hardest metals in …
Continue reading ‘The Mohs Mineral Hardness Scale: Infographic’ »
Some countries in the world do not have their own currency. It could be because their economies are too small or some other factors. For instance, a few countries in West and Central Africa use the West African CFA franc and the Central African CFA franc respectively. These countries are former colonies of France and …
Continue reading ‘Countries That Do Not Use Their Own Currency: Infographic’ »
Copper is one of the most important mineral in the world and Copper prices are traditionally considered as the barometer of the global economy. As the world transitions to everything green, the demand for copper would only increase. One estimate puts the global copper consumption will double by 2035 in order for the world to …
Continue reading ‘Minerals Used in Electric Cars vs. Conventional Cars’ »
A neat infographic on the healthcare spending in the US: Click to enlarge U.S. Healthcare Spending, courtesy of Peter G. Peterson Foundation Source: Peter G.Peterson Foundation