State of the Market: Mining Q1-2020

Although 2020 began positively with the signing of the U.S.-China Phase 1 trade agreement, optimism faded quickly as the COVID-19 pandemic shuttered industrial activity, first in China in February and in most of the world by mid-March. The metals and mining sector saw a suddenly harsh economic outlook push most commodity prices to multi-year lows by the end of the first quarter, except for gold, which has benefited as a safe-haven investment despite early turbulence. Although projections for economic activity and commodity prices are still being revised downward, and the timing of relief from the pandemic remains uncertain, we expect metals demand to rebound in the second half of the year as nations emerge from lockdown and industrial activity resumes.

Join us to hear our review of the March quarter, and how the rapidly evolving COVID-19 pandemic is impacting the sector and changing our outlook for 2020.