In this year’s Global Metals and Mining Outlook, KPMG’s leading Mining professionals provide their experience, insights and forecasts for key mining segments, delivering an unprecedented view of the challenges and opportunities faced by today’s metal and mining organizations.
Iron Ore: "We expect to see less volatility in iron ore prices in 2016 compared to the prior 2 years, but any price increases that are achieved will be gradual. For the time being, the iron ore industry continues to wait for prices to improve. Our view suggests they may be waiting for a while."
– Pieter Van Dijke, Commodity Lead, Iron Ore, KPMG in Brazil
Copper: "We expect the market to return to a position of supply deficit sometime in 2019. In the meantime, we believe copper miners will need to focus on prioritizing initiatives that improve productivity and further reduce the cost structure as they prepare for growth to eventually return."
– Maritza Araneda, Commodity Lead, Copper, KPMG in Chile
Nickel: "The major nickel producers are working hard to rebalance their capital expenditure and shift their production towards lower-cost, higher-margin assets in the hope of avoiding the shuttering of assets."
– Daniel Ricica, Commodity Lead, Nickel, KPMG in Canada
Gold: "Most gold producers are using the uptick in prices over the past 6 months to start reinvesting into forward development within their existing assets. Some new capacity should therefore come online before the end of 2016."
– Daniel Hooijer, Commodity Lead, Gold, KPMG in South Africa
Platinum: "Platinum miners are trying to balance cash preservation and reduced capital expenditure against the potential for longer-term growth, ensuring they are ready when the market returns. Only time will tell how many will be around to see the day."
– Alwyn van der Lith, Commodities Lead, Platinum, KPMG in South Africa