International Business Administration SIB540 Chapter Notes - Chapter 6: Hydrometallurgy, Vale Limited
17 Jan 2018
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Document Summary
The metals economics group, a well-respected organization who compiles statistics on exploration spending states, We expect exploration budgets to continue at a reduced level in the near term but not exhibit the same precipitous rates of decline witnessed in 1998 and 1999. Although base metals and gold prices have recently shown signs of significant upswings, budget increases tend to lag improved metals prices by about a year. Information on historical metal prices is widely available. Near record low prices for most base and precious metals were seen in 1998 and early 1999. Asian economic woes seriously affected demand, and significant increases, at least in base metal prices, were dependent on recovery of the asian economies. That recovery came in 1999, and continues into 2000. Copper was trading at ussh. 63/lb on the lme at the end of january 1999 has recovered to around. Forecasts of the price of copper vary, with some predicting a price of . 05/lb in 2001.
