Moody’s: Base metal industry to slow down in next 1.5 years
5 Jul 2019 15:05 reported by Fiona Chang
According to the report, according to the trade tension between the US and China, the NAFTA uncertain situation among the US, Mexico and Canada, as well as the slowdown in global economic conditions, the global metals industry performance will be diminished.
Moody’s also boldly assumed that the prices will keep below the 2018 level since increasing cost pressure will compress the margin, and the industry’s future trend will focus on replenishing resources and lowering capital spending.
However, along with the recovery of the company finance and the needed new greenfield mine to reach production, it was still essential to develop a new mine supply for copper, nickel and zinc.
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