China’s Economic Growth Helped Mining Companies To Continue Mining Exploration Project
September 30th, 2009
Anglo American Chief Executive Cynthia provides a view of the growth of the mining company with global economic conditions decline today. Growth in mining and mining exploration activities aided by China’s economic growth is fairly stable. Demand in China’s industrial sector of mining production is stable, although there are some notes about the decline in demand for some of the results of mining. Imports of copper and coking coal in recent months as China’s fiscal stimulus begin to offset the export decline.
Recovering industrial basic materials prices such as copper, nickel and metallurgical coal markets show that the prospect of an Anglo has increased more rapidly than most observers expected, Carroll said.
“But there are still some question marks over the sustainability of the recovery,” he said.
“Continued deleveraging by households, firms and banks and the shadow of rising unemployment and large budget deficits in the major western economies is still a big concern.”
However, stimulus spending outside of China will be very positive for platinum group metals and diamonds, he said.
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