New realities
Australia’s mining industry in the doldrums
Quelle/Source: CRU 2012
Quelle/Source: Index Mundi
Quelle/Source: Index Mundi
Quelle/Source: Australian Bureau for Statistics
Quelle/Source: Australian Bureau for Statistics
Quelle/Source: Australian Bureau for Statistics, Bureau of Resources and Energy Economics
Quelle/Source: Australian Bureau for Statistics, Bureau of Resources and Energy Economics
Quelle/Source: Billiton Mitsubishi Alliance
Quelle/Source: Vale
Quelle/Source: BHP Billiton
Quelle/Source: AME, Westpac Economics
Quelle/Source: Rio Tinto
Quelle/Source: Australian Bureau for Statistics
Quelle/Source: BHP Billiton
Quelle/Source: Minerals Councel of Australia
Quelle/Source: Australian Bureau for Statistics
Quelle/Source: Newmont Mining
Quelle/Source: Rio Tinto
Quelle/Source: BHP Billiton
Quelle/Source: Fortescue
Summary: Compared with other raw-material-producing nations, Australia’s mining industry is more strongly aligned with the sustainable demand for raw materials in China. Due to the high demand in recent years, capacity has been massively expanded. However, China’s appetite for raw materials has recently slowed markedly and the prices for many raw materials have fallen since 2012, due to the imbalance of global production rates and demand. What this means for Australia’s mining industry and for the extraction of coal, iron ore, copper, gold and diamonds, is shown in the following article.
1 Raw materials forecasts and price decline
An explanation of the global demand for raw materials is usually based on a growing world population, global urbanization and rising per capita incomes. In the case of so-called “emerging countries”, forecasts of their future needs for certain raw materials are derived from the per capita consumption of these raw materials in the so-called “Mature Countries”. Each forecast is predicated on the assumption that as the country’s per capita economic performance increases, the demand for raw materials rises steeply, then goes through a peak and...
