A look back at mining prices

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According to a recent post on Mining.com, metal prices fell in 2013 while energy commodities rose in 2013. Here is an excerpt:

Natural gas, western coal, electricity, and WTI crude all experienced price gains over the year. Meanwhile, North Sea Brent crude oil, various petroleum products, and eastern coal all dropped by about 5%.

Unlike the energy sector, nonenergy components of the Goldman Sachs Commodity Index – including grains, industrial metals, and precious metals – ended 2013 down 17%, 20%, and 27% from their respective starting points.

The divergence between these prices is noteworthy because in the past crude oil futures price changes were often positively correlated with the prices changes of other commodities.

The cost of contraction, matching supply to demand, and remaking mining are the top forecasted mining trends for 2014 – how will these trends affect mining industry prices this year?

Check out GEOVIA’s applications and learn how we can help you achieve your mining targets in 2014.

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