Mining Quarterly Review - Q3 2019
GlobalData's “Mining Quarterly Review - Q3 2019” report provides a quarterly mining industry update, assessing the latest commodity trends by tracking commodity prices and global and company production for coal, iron ore, gold and copper. Analysis is provided on project momentum, based on projects that commenced operations and advanced in Q3 2019. In addition, the report also provides detailed analysis of development projects in the mining industry, segregated by country, commodity, and company and development capital expenditure trends by region, country, and commodity. In Q3 2019, whilst prices of most key commodities increased, coal and copper prices continued to decline amidst ineffectual US-China trade discussions and anticipated sluggish global market growth, with concerns of a recession. In contrast, the prices of precious metals (gold, silver and platinum) rose. Project momentum declined in Q3 2019, with just 2.3% of developing projects moving to the next stage of development. Canada, Australia, and Argentina were the countries where there was a lower rate of development. Global ROM production is estimated to reach 19.1bnt in 2019. Asia-Pacific is expected to account for over 24% of the global production in 2019, followed by South and Central America (19.1%), and North America (16.7%).
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