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Market Research Report
Mining Industry Quarterly Review, Q3 2020 - Tracking Commodity Prices, Production and Projects |
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Published by | GlobalData | Product code | 980224 | ||||
Published | Content info | 45 Pages Delivery time: 1-2 business days |
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Mining Industry Quarterly Review, Q3 2020 - Tracking Commodity Prices, Production and Projects | ||
Published: December 31, 2020 | Content info: 45 Pages |
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GlobalData's "Mining Industry Quarterly Review, Q3 2020 - Tracking Commodity Prices, Production and Projects" report provides a quarterly mining industry update, assessing the latest commodity trends by tracking commodity prices and global and company production for coal, iron ore, gold and copper. Analysis is provided on project momentum, based on projects that commenced operations and advanced in Q3 2020. In addition, the report also provides detailed analysis of development projects in the mining industry, segregated by country, commodity, and company and 2020 development capital expenditure for leading miners. The report also analyses impact of coronavirus on the global mining industry.
In Q3 2020, whilst prices of most key commodities increased, Australian thermal coal prices continued to decline, amidst energy transition toward natural gas and renewables in electricity generation. The Australian coal prices reached US$58.4/t by the end of October 2020, whereas South African coal prices stabilized and reached US$61/t. In contrast, the prices of precious metals (gold, silver and platinum) rose, with gold achieving an all-time high in early August. Prices of base metals (copper, lead, nickel and zinc), continued to recover in Q3, amidst supply concerns and higher demand from China. On the other hand, the development projects momentum dropped from 2.6% in Q2 2020 to 2.3% in Q3 2020, a third consecutive fall, mainly due to the COVID-19 outbreak, which has led to widespread lockdowns, disrupted global supply chains and damaged overall investment sentiment. Some 61 mineral projects advanced in Q3 2020, down from 70 that advanced during Q2 2020 and 76 during Q1 2020. Over 61% of this development was observed in Canada, Australia, the US, Chile, and South Africa combined.