28-May-09 12:00 PM  CST  

Bright Spots Appear in Global Metals & Minerals Industry 

A multiyear demand growth cycle for the Metals & Minerals Industry , which saw project spending for mining and steel projects accumulate, peaked in 2008. Project costs accelerated too, and then demand evaporated during the second half of 2008, culminating in extraordinary pullback in project development. With the recent economic downturn, demand for items such as steel, metals and other manufacturing goods has declined worldwide. Steel mills are currently operating at 50% capacity. Projects were stopped cold in mid-construction or have been extended over longer periods of time to spread out the costs. Many other projects have been delayed with a few cancellations. However, there are certain markets where projects continue to move forward. Lithium, polysilicon, coal and gold projects are moving forward in this economy, and global project development for these commodities is on the rise.

 

For additional information on this Client News article, please contact:

Karl Lassberg
(713) 783-3363

Source: www.industrialinfo.com
http://www.industrialinfo.com/radio/navigating.jsp?industry=metals03

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