Entwicklung • Development

Global mining trends 2018

Summary: The mining industry faces important challenges. Although commodity prices are on the rise again, most markets are still facing high costs and severe competitive pressures. The capital ratios of mining companies are rising sharply. For the first time in five years, exploration budgets are also rising again, ending a long period of decline for the equipment industry. The following report presents the most important market trends and interrelationships.

1 Introduction

The prices of metals, like the prices for every commodity, are determined by supply and demand. However, current metal prices take into account not only direct production and stock levels (supply), as well as the immediate demand, but also the respective future expectations. In the case of copper, the most important base metal, the daily copper prices are still subject to high fluctuations, but the trend towards higher prices that had already commenced in 2016 (Fig. 1) appears to be continuing. In mid-January 2018, the spot price for copper on the London Metal Exchange (LME) was...

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