Strong Global Demand for Commodities Boosts Mining Companies' Stock Prices, Capital Budgets and Project Activity

SUGAR LAND--May 31, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The outlook for companies in the Metals & Minerals Industry, mining companies specifically, are much improved compared to their recent lows in early 2016, as rising global demand for various metals, including copper, nickel, gold, silver, zinc and lead, have pushed up commodity prices as well as share prices. This brighter outlook has been reflected in rising capital budgets as well, which means companies supplying equipment and services to mining giants like Rio Tinto plc (NYSE:RIO) (London, England), BHP Billiton plc (NYSE:BBL) (London), Newmont Mining Corporation (NYSE:NEM) (Greenwood Village, Colorado) and Freeport-McMoRan Incorporated (NYSE:FCX) (Phoenix, Arizona) have seen demand for their goods and services increase. Indeed, a rising commodity tide is lifting many, if not all, boats.

Within this article: Details of capital spending plans of major mining companies