Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Caterpillar (NYSE:CAT), the world’s largest maker of construction and mining equipment, posted Thursday fresh (and gloomy) figures that reveal its global sales fell 11% for the three-month rolling period ending in February compared to a year ago.
The report shows a year-over-year decrease in resource industries segment sales in every geographic region except Asia/Pacific, which posted a gain of 37%. Sales in the Europe, Africa and Middle East (EAME) region were off 42%, and North American sales were down 7%.
Sales in the construction industries segment rose 5% in EAME but were down 40% in Latin America, 29% in Asia/Pacific and 1% in North America.
2 Comments
wah
wah
klgmac
The world economy is slowing down. As it turns out, debt is not wealth.