New study predicts lowering of cost curve, marginal mines staying open at all costs will see oversupply persist and fifth year of copper price declines.
The value of Canadian mining and metals deals dropped a dramatic 43% for the first nine months of 2012, revealed Wednesday the latest report by Ernst & Young.
The World Gold Council (WGC) expects India’s total demand for the yellow shiny metal in 2012 to be nearly 19% lower in 2012 than last year, mainly due to low consumption during first two quarters.
Mining and metals companies saw expenditures reach over $140 billion in 2012, but a study published Wednesday by consultants at Accenture (NYSE: ACN) indicates the sum could have been considerably lower.