Advanced technologies are required (Iron Ore Mining Industry)

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Advanced technologies make it difficult for new competitors to enter the market because they have to develop those technologies before effectively competing. The requirement for advanced technologies positively affects Iron Ore Mining Industry. … This statement will lead to an increase in profits for this entity. "Advanced technologies are required (Iron Ore Mining Industry)" will have a long-term negative impact on this entity, which subtracts from the entity's value.

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