Mine Services November 2014 Analysis

Industry Trend Analysis - Weekly Mining & Projects Roundup - NOV 2014

We expect the Bloomberg World Mining Index to trade within the 200-250 range over Q414. Persistent oversupply in the coal, iron ore and copper markets will continue to tame the recovery in mineral prices following significant declines over recent quarters. For instance, Newcastle steam coal prices have fallen 25% in the year-to-date, while iron ore prices collapsed 40% over the same period. Loo...

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