You are here

Cheap oil adds fuel to the problem of metals glut

Lower energy costs may lead to savings for miners but they also delay the production cuts needed to address their surplus stocks and falling prices
Wednesday, January 20, 2016 - 05:50

London

THE collapse in oil and coal prices isn't just bad news for the energy industry. It's also compounding a global surplus in metals.

Ores are extracted with diesel engine diggers and trucks, while smelters that process metal run on electricity from coal-fired power plants.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom