Wednesday, 27 May 2009

Is the mining industry recovering?

A poll of the members of the LinkedIn group Minerals & Metals Professionals Globally asked the question “the new wave of optimism in the mining industry: premature or justified?”

The responses were:

29%- give it 6 months
21%- justified- it’s getting better
18%- premature- worst not over
15%- give it more than 1 year
14%- too early to say..

A glance at metal prices over the past 90 days suggests that things may be improving.

Currently there have been well over 300 responses to the poll, and I will update the statistics in the near future. It would also be interesting to have comments on this blog.

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