Summary of In the Pits?
Mining and Metals Firms and the Slowing of the Supercycle
EIU © 2013. Sponsored by National Australia Bank
The “supercycle” in mining and metals has wound down, but it’s not over yet, and firms must adapt.
The days of frenetic growth in the metals and minerals markets are gone, but demand from global urbanization continues apace. The current slump means the industry is now backpedaling on investment. But Economist Intelligence Unit analyst Christopher Clague reports that, while unmined mineral and ore deposits are becoming increasingly costly to extract, miners that spend now on innovation will have a competitive advantage come the inevitable upswing. getAbstract recommends this compelling, cogent argument to those in the mining industry as well as to commodities traders and investors seeking a valuable insight.
In this summary, you will learn
- Why the industrial commodities “supercycle” is not over
- Why the latest trends in commodities have presented opportunities as well as threats
- How mining firms are handling the downturn
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