Moody’s forecasts slower base metals performance in short term

From miningweekly.com

Moody’s Investors Service has maintained a stable outlook for the global base metals industry despite expecting performance in the sector to weaken over the next 12 to 18 months. The financial services company says the base metals sector’s performance will weaken as a result of continued trade tensions between the US and China; uncertainty regarding the North American Free Trade Agreement between the US, Mexico and Canada; and slowing global economic growth. Over the outlook period, Moody’s predicts prices will remain below 2018 levels and that rising costs will put margins under pressure. Resource ... (full story)