中文
Despite the novel coronavirus pneumonia epidemic, mineral company has been able to survive 2020, because of its significant streamlining of business, debt and spending cuts and productivity improvement, according to a new report released by Fitch Solutions.
“We believe that the flexible and excellent financial situation established in the past few years will prevent the mine from going bankrupt,” a company said in a survey
Fitch international expects most metal prices to underperform in 2019 and the global recession will affect real demand. “2019 is a challenge for most mines as industry profit margins are squeezed due to share buybacks, impairment and legal spending, plus a slightly weaker metal price performance than in 2018, with the exception of iron ore and nickel.”
Fitch expects this to intensify in 2020.