Home / Metal News / Copper / S & P: global exploration budget will fall 29% year on year in 2020
S & P: global exploration budget will fall 29% year on year in 2020
May 21,2020 14:21CST
The content below was translated by Tencent automatically for reference.

SMM5, March 21: according to S & P Global Financial Intelligence Research, due to lower metal prices and blockade measures taken by related countries in response to the epidemic, the global exploration budget in 2020 is expected to fall 29% year-on-year to US $6.9 billion.

Previously, Christopher Galbraith, an analyst at S & P, believed that iron ore would be in balance between supply and demand this year and next.

Due to the interference of the supply side, the price of cobalt will perform better than the price of lithium.

The nickel market will have a surplus of 48000 tonnes, with a projected nickel price of US $11915 per tonne in 2020 and downside risks; a surplus of 90, 000 tonnes of zinc and a surplus of 182000 tonnes of copper.

"from January to March of WBMS:2020, the global copper market has a surplus of 188000 tons.

"Click to participate in the second China (Yingtan) Copper Industry Summit Forum and the 15th China International Copper Industry chain Summit"

"these enterprises have signed up! (part of the list of participants is attached)

To sign up for the summit or apply to join the SMM industry exchange group, please scan the code:

Supply and demand
non-ferrous metals

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news