Nickel prices are likely to maintain elevated levels as the current supply deficit is expected to continue in 2020. While zinc prices may face downward pressure as a result of an expected surplus in the near term on the back of higher production from Chinese smelters.
“Trade negotiations happening south of the boarder, coupled with projected global growth, geopolitical issues and the uncertain economic environment resulting from the coronavirus outbreak are all likely to create volatility in gold prices this year,” says Jeff Swinoga, EY Canada Mining & Metals Co-Leader. “However, prices are expected to maintain their positive momentum in the near-term thanks to the US Federal Reserve’s stance and negative rate policy adopted by jurisdictions like Europe, Japan and Switzerland.”
Special section – Q&A with Denis Larocque, President & CEO, Major Drilling International
The EY Canadian Mining Eye Q4 2019 features an interview with Denis Larocque, President & CEO at Major Drilling International, who shares how technology and innovation are helping to uniquely position the company for success and what lies on the horizon for drilling.
Larocque tells EY: “We see our clients embracing technology more and more. It’s not unusual for clients to ask for in-depth drill rig data, such as penetration rates and other information, to inform their geological interpretation and mine design. This is a trend we’re embracing at Major Drilling and expect to see increase.”
To access the complete interview and the EY Canadian Mining Eye Q4 2019, visit ey.com/ca/miningeye.
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