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    Home > Chemicals Industry > International Chemical > Fitch releases 2019 Americas Mining Report bearish coal and iron

    Fitch releases 2019 Americas Mining Report bearish coal and iron

    • Last Update: 2023-01-01
    • Source: Internet
    • Author: User
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    According to Fitch's latest report on the mining industry of the Americas, spot levels of nickel, lead, copper, tin and gold in 2019 are optimistic, but bearish on iron and coal
    .

    The outlook for mining in the Americas remains positive for years to come, but miners will face water strains in their local communities if El Niño strikes and political uncertainty caused by recent election results and corruption
    scandals, the report said.

    Fitch predicts that the recovery in the mining sector will continue to be on track, supported by a strong pipeline of projects and a price outlook
    for the collapse in 2018.

    Analysts predict that mining companies will continue to commit to supply and capital constraints, prioritizing joint ventures and brownfield investments, and strong demand for cobalt, driven by the fast-growing electric vehicle and battery storage sectors, will prompt significant investment
    in this emerging mining industry.

    For the same reason, copper companies will continue to scramble to acquire additional capacity
    , the report said.

    Analysts believe Canada's cobalt industry and Ecuador's emerging copper and gold mining industries will be investment hotspots
    .
    Peru and Chile will continue to attract copper investment
    .

    Fitch predicts that as the world transitions to a low-carbon economy, Chile and Canada will be leaders in incorporating innovative technologies and alternatives to less polluting energy sources into mining operations in an effort to remain profitable
    in the long term.

    In countries such as Brazil, Colombia and Ecuador, reduced rainfall could increase energy costs and reduce mining output
    for miners.
    Chile and Peru will benefit from higher tax revenues from higher copper prices, while Brazil will be affected by lower iron ore prices, as metals are the cornerstone of Brazil's mining industry
    .

    The U.
    S.
    mining sector underperformed in 2019 as Fitch forecasted a decline
    in thermal coal prices due to a structural decline in the country's thermal coal consumption.

    According to Fitch's latest report on the mining industry of the Americas, spot levels of nickel, lead, copper, tin and gold in 2019 are optimistic, but bearish on iron and coal
    .

    Fitch

    The outlook for mining in the Americas remains positive for years to come, but miners will face water strains in their local communities if El Niño strikes and political uncertainty caused by recent election results and corruption
    scandals, the report said.

    Fitch predicts that the recovery in the mining sector will continue to be on track, supported by a strong pipeline of projects and a price outlook
    for the collapse in 2018.

    Analysts predict that mining companies will continue to commit to supply and capital constraints, prioritizing joint ventures and brownfield investments, and strong demand for cobalt, driven by the fast-growing electric vehicle and battery storage sectors, will prompt significant investment
    in this emerging mining industry.

    For the same reason, copper companies will continue to scramble to acquire additional capacity
    , the report said.

    Analysts believe Canada's cobalt industry and Ecuador's emerging copper and gold mining industries will be investment hotspots
    .
    Peru and Chile will continue to attract copper investment
    .

    Fitch predicts that as the world transitions to a low-carbon economy, Chile and Canada will be leaders in incorporating innovative technologies and alternatives to less polluting energy sources into mining operations in an effort to remain profitable
    in the long term.

    In countries such as Brazil, Colombia and Ecuador, reduced rainfall could increase energy costs and reduce mining output
    for miners.
    Chile and Peru will benefit from higher tax revenues from higher copper prices, while Brazil will be affected by lower iron ore prices, as metals are the cornerstone of Brazil's mining industry
    .

    The U.
    S.
    mining sector underperformed in 2019 as Fitch forecasted a decline
    in thermal coal prices due to a structural decline in the country's thermal coal consumption.

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