Global Analysis

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Global Industry Overview - Tin: No Boom Years Ahead - APR 2014

Global tin mine production will only expand modestly in the coming years on the back of tighter environmental regulations, falling ore grades and higher production costs. China will lead the bulk of the output increase, while other traditional players such as Indonesia and Australia continue to make a modest contribution. The key downside risk to our production forecast stems from the fact that...

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Industry Trend Analysis - Mining M&A To See Upside In Quarters Ahead - MAR 2014

We believe that 2014 is likely to see increased M&A deal activity in the mining sector after the declines of the past few years. We do not expect a wholesale return to the headier times of last decade, and see most mining firms seeking organic growth through brownfield expansion rather than through M&A activity. Still, recently announced pending deals bolster our view that write downs...

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Industry Trend Analysis - Top Firms Signal Continued Capex Weakness - JAN 2014

The latest announcements by Rio Tinto and Vale regarding cutbacks in capital expenditure (capex) in 2014 further reaffirm our view that the mining industry will be beset by austerity in the coming quarters. Given recent industrial metal price weakness and uncertainty over the sustainability of Chinese growth, we expect more miners to announce similar cutbacks. Our forecast for falling iron ore...

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