Industry Trend Analysis - Weekly Mining & Projects Roundup - JULY 2015

Indonesia's ban on bauxite exports ban should stay in place in 2015 due to legal challenges. Looking further ahead, it is becoming increasingly probable that the government will moderate the ban in order to do whatever it can to boost GDP and raise employment rates.

  • Global iron ore price weakness and the aftermath of the Ebola outbreak will slow west-Africa's iron ore production growth over the coming quarters.

  • A continued oversupply of low-priced Chinese steel will push out European steel producers operating at the higher end of the global steel price curve.

  • Weak Prices To Curb Growth
    Global - Iron Ore Prices (Average USD/tonne) & Growth y-o-y (%)
    e/f= BMI forecast. Source= Bloomberg, BMI

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