Prepare Yourself for Unprecedented Investment
Recent forecasts suggest that 2011 could be a record-breaking year for mining investment. A wealth of new projects means that overall spending could surpass the $110 billion mark set before the global financial crisis. With iron ore, gold and copper in particular looking set power ahead of their recent high values, it seems there is much for miners and their investors to be cheerful about.
It will be of no surprise to many that one of the main reasons for such bullish attitudes is China. The world’s second largest economy continues to fuel demand, though it is by no means just down to them. Consumption across the emerging markets is expected to rise significantly, particularly as the huge population masses of India and Indonesia experience a swelling middle class population.
To add to this are wider factors. As the global recovery progresses, one of the biggest worries is the inflation coming as a result of vast quantitative easing measures taking by much of the Western world. In response to this commodities have been seen as a solid hedge against increasingly devalued currencies.
Put all this together and you have a recipe for success – producers are eyeing up new projects and institutional investors are interested too. With the outlook for the year seeming strong, it may well be the case that there has never been a better time to invest in the mining industry. Seize the opportunity at the World Mining Investment Congress in May.
