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Base Metals & Rare Earths
The rebound of global GOP and the continued growth of rapidly developing Asia-Pacific economies implies increased world steel consumption, which should bode well for WA's trademark iron ore industry. With China consuming around 80% of Australia's total iron ore seaborne exports, mixed perceptions over the direction of Chinese economic growth leaves the commodity susceptible to further uncertainty in the mid- to long-term. Supply side reform in China will favor Australian companies producing a higher grade product as steel makers look to improve the efficiency of furnaces. Western Areas accounted for 14% of Australia's total nickel production in 2015-2016, with Nickel West (BHP Billiton) and Minara Resources producing 28% each, and First Quantum accounting for 16%.
Base Metals & Rare Earths
The rebound of global GOP and the continued growth of rapidly developing Asia-Pacific economies implies increased world steel consumption, which should bode well for WA's trademark iron ore industry. With China consuming around 80% of Australia's total iron ore seaborne exports, mixed perceptions over the direction of Chinese economic growth leaves the commodity susceptible to further uncertainty in the mid- to long-term. Supply side reform in China will favor Australian companies producing a higher grade product as steel makers look to improve the efficiency of furnaces. Western Areas accounted for 14% of Australia's total nickel production in 2015-2016, with Nickel West (BHP Billiton) and Minara Resources producing 28% each, and First Quantum accounting for 16%.
Base Metals & Rare Earths
2017
Aufsatz (Zeitschrift)
Englisch
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