MINERALS   Copper   Lead and Zinc  

Base metals performance to slow in short term, Moody’s predicts

Moody’s forecast for the global base metals industry is stable, while it predicts performance to weaken over the next year and a half, Mining Weekly reported Monday.

According to the report, Moody’s Investor Service says performance will weaken due to continued trade tensions between the US and China, NAFTA uncertainty between the US, Mexico and Canada and general global economic slowdown.

Over the next year, Moody’s predicts prices will remain below 2018 levels while rising costs will put price margins under pressure.

Lead considerations for the industry’s future performance are replenishing resources and keeping capital spending down.

“Exploration and development expenditures have increased following several years of decline, as companies focus on restoring their finances,” the financial services company states.

“Given the depleting nature of the industry and years necessary for a new greenfield mine to reach production, the development of new mine supply for copper, nickel and zinc remains necessary. The announced rollout of battery electric vehicles creates significant new demand over time,” Moody’s adds.

News No: 5003
Date: 2019/07/02 - 20:01
News Source: MINING.COM

Base metals  Mining  copper  zinc  nickel 


Leave a Comment:


India steel: Coated prices flat on slow buying

India's coated steel prices remained flat this week, as demand stayed slow after the festive season ended in October.

SMB-Winning beats Fortescue to Simandou project

The SMB-Winning consortium, which comprises Chinese aluminium producer Shandong Weiqiao, China's Yantai Port Group, transport and logistics company UMS International, and Singapore's Winning Shipping, has pipped Australian iron ore producer Fortescue Metals to secure the rights to develop blocks 1 and 2 of the Simandou iron ore deposits in Guinea.

Australian rare earth miners to access defence funds

Canberra will announce a package of measures to support its rare earth mining sector as it works closely with the US to secure the supply of critical minerals for defence.

Over 1,700 Industrial Units Revived Last Year

A total of 1,726 industrial units, out of the 10,380 inactive ones in Iran, were revived in the last Iranian year (March 2018-19), while 529 were revived during the first half of the current Iranian year (March 21-Sept. 22).

Brazil: Vale to Resume Iron Ore Operations in Alegria Mines

World’s largest iron ore miner- Vale informed yesterday through its press release that miner has got necessary authorization from the National Mining Agency to resume the operations of the Alegria Mine operation that has been halted since Mar'19.

SCI Evaluates Q2 Producers' Prices in Mining Sector

The average Producer Price Index for the mining sector in the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year (March 2019-20), increased by 59.2% compared with the same period of last year, according to data reported by the Statistical Center of Iran.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners