Resumen de PDAC 2016: : Mining companies will continue to dig into oversupply
"Global prospects changed dramatically in 2015, with companies getting more and more worried about China," [Paul Robinson] said, adding that, across the commodities priced by CRU - which include sulphuric acid, phosphate rock and diammonium phosphate, bauxite and potash - the research firm saw prices fall by an average of 15%.
"The big issue going into 2016 is still the uncertainty around China," Robinson outlined. "It is still the global powerhouse and still accounts for a large portion of global demand." In potash, additional projects could see global nameplate capacity increase from 82.3m tonnes in 2015 to 100.3m tpa by 2020. "Historically, potash has relied on producer discipline to create balance, but this is becoming harder to maintain as new entrants into the market pose a risk of supply fragmentation," [Daniel Solomon] said.
