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Mining in a downturn: what's in it for China?

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image for OpenScout resource :: Mining in a downturn: what's in it for China?

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The last quarter of 2008 saw the end of a boom in the global mining industry. While some commodity analysts foresaw the collapse of mining and metal prices, very few predicted the speed of the declines or their steep descent. Record prices, net profits and expansion plans in the first half of the year suddenly gave way to falling commodity prices, reduced profits, production cuts and mine closures in the last quarter of the year and the first half of 2009.

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en

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text/html

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http://knowledge.insead.edu/economy-china-mining-091009.cfm

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Copyright INSEAD. All rights reserved