Fast Market Research recommends "United States Mining Report Q1 2015" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 11/21/2014 -- The US mining industry will remain among the largest in the world, but will see just modest expansion to 2018. The bulk of mineral output and mining investment in the Americas region will occur in developing markets in Latin America. Still, the US's mining industry value will reach USD135bn in 2018 as the country's stable economic and political environment, coupled with its long history of mining and its significant mineral reserves, should enable sector expansion.
We forecast the US mining sector will see modest average annual growth, reflecting a broader trend among developed mining markets. While we expect both copper and gold prices will average lower y-o-y in 2015, we expect continued growth in mined output in the coming years. Accelerating US growth, including expansion in the automotive and broader manufacturing sectors, should ensure the overall mining and metals sector remains supported. We therefore forecast average annual mining sector growth of 1.3% to 2018.
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While we expect copper mining operations to remain profitable, we note that gold producers, in particular, are coming under increasing pressure both from falling prices and rising costs. Thus, we expect capital expenditure to remain subdued over the coming quarters and expect consolidation among some junior miners.
Long Permitting Times Contrast With Positive Business Environment
The US will continue to attract mining investment owing to its vast natural resources, well-developed mining industry and infrastructure, and stable political environment. The US's mature capital markets also allow junior firms to find financing opportunities, though credit remains more constrained following the global financial crisis.
We expect US growth to accelerate through 2014, which should support end-use demand growth...
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