verb / noun
wane
WAYN/weɪn/
A gradual decrease in strength, size, brightness, or importance.
The moon's illuminated portion wanes through the sequence.

Etymology
Old English wanian described gradual shrinking or fading. Its familiar application to the moon’s diminishing visible portion illustrates the same decline expressed when strength, brightness, size, or importance wanes.
In context
However, mining operations can wax and wane with economics. Australia's mines have at time paused production when prices were low or due to market shifts
More examples
- The moon waned as the month progressed.
- His influence was on the wane.
- The storm's power gradually waned.
Forms
wane · wanes · waned · waning