By: Dr. Chris Hinde | May 24, 2018
The following research article is an excerpt of the Q1-18 State of the Market: Mining report, a detailed analysis of mining industry performance that includes expert commentary from S&P Global Market Intelligence.
Q1-2018 was a mixed quarter, compared with Q4-2017, as half of the indicators measured by S&P Global Market Intelligence on the performance of the global mining industry went up, and the other half down.
The global economy posted its strongest rate of growth for six years in 2017, and the robust fundamentals enabled the global economy to expand 3.5%, annually, in the March quarter. Buoyed by these conditions, S&P Global Market Intelligence's index of eight metals is back to the levels of five years ago. Despite the higher metals prices there was a fall in our Pipeline Activity Index — PAI, which is a measure of exploration and development activity.
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