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Miners, METS better placed to endure market freeze

S&P Global is erring on the conservative side with a prediction that mining’s recent capital expenditure surge in Australia will stall next year as global economic growth falters and trade dispute uncertainty dampens investment sentiment. But the industry is certainly better placed than it was a few years ago to turn the capex spending dial up if macro-settings improve.

Miners, METS better placed to endure market freeze Miners, METS better placed to endure market freeze Miners, METS better placed to endure market freeze Miners, METS better placed to endure market freeze Miners, METS better placed to endure market freeze

After raising exploration and development capital investment levels over the past two years in response to a generally better outlook for metal markets and prices, a more cautious, if not darker, mood