For the first time since 2016, global nonferrous exploration budget decreased due to difficult market conditions and high-profile M&A activity.
- Estimated global nonferrous exploration budget falls 3% year over year to US$9.8 billion from US$10.1 billion in 2019
- Merger & acquisition activity in the mining sector is the key driver of budget reductions
- Base metals outpace gold as explorers decrease their gold budget by US$559 million year over year to US$4.29 billion — the largest decrease for any commodity
- Australia attracts largest budget increase, to surpass Canadian budget for the first time since 2001
See the whole report here:
________________________
No comments:
Post a Comment
Commented on MasterMetals