PERTH, AUSTRALIA--(Marketwired - Jan 19, 2016) - Researched by Industrial Info Resources Australia (Perth, Australia) -- Miners have significantly cut back their capital expenditures since the peaks of supply in 2011, and the Oceania region felt the heavy tail-end of this cutback in the first quarter of 2015. Massive investment reductions have taken place throughout that time, with some estimates asserting that coal is down by 60%, iron ore by 50%, gold by 27% and copper by more than 33%, according to investment management firm Van Eck Global (New York, New York). Just like during the supercycle, when people imagined commodity prices would go up forever, people now imagine a market that will never recover. But some analysts believe this downward cycle could be reversed by 2017.
Within this article: Details project spending Industrial Info is tracking for coal, copper, ferroalloys and iron.
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