Industry Trend Analysis - Weekly Mining & Projects Roundup - FEB 2015
Weak results from US firms Caterpillar and Peabody Energy affirm our bearish outlooks towards both global mining capital expenditure and US thermal coal production and consumption.
Our downgraded forecast for Zambia's copper production is supported by the reaffirmation of the country's mining tax by newly-elected President Edward Lungu.
China's slowing demand for aluminium affirms our view that domestic bauxite production growth will weaken over the coming years.
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