MEXICAN MINING INDUSTRY RECENT DEVELOPMENT. Toronto, Canada March, 2016
|
|
- Coleen Dorsey
- 5 years ago
- Views:
Transcription
1 MEXICAN MINING INDUSTRY RECENT DEVELOPMENT Toronto, Canada March, 2016
2 1. Mexican Mining Industry Mineral Market Outlook 3. Mexican Mining Advantages 4. Mexican Mining Competitiveness 2
3 MEXICAN MININGMETALLURGICAL PRODUCTION 20,000 18,000 16,000 14,000 12,000 Million dollars 11,412 17,178 17,832 15,628 14,738 13,048 10,000 8,000 6,000 8,261 8,376 6,976 4,000 2, Source: INEGI. 3
4 INVESTMENT IN MEXICAN MINING SECTOR Million dollars 9,000 8,000 7,000 8,043 6,000 5,000 4,000 5,612 6,576 4,948 5,203 3,000 2,000 1,000 2,156 3,656 2,858 3, Source: CAMIMEX. 4
5 INVESTMENT IN MEXICAN MINING SECTOR Expansion Projects Million dollars New Projects , , , , , * * Machinery and Equipment Exploration Source: CAMIMEX * * 5
6 FOREIGN INVESTMENT IN MEXICAN MINING Projects Companies Source: DGDM, SE. 6
7 Equity Capital Raised 2015 TSXTSXV Mexico (US billion dollars) Mexico and Latin American Countries Mexico 30% Latin America 70% Number of TSX/TSXV Mining Companies by Latin American Country Source: TSX. 7
8 1. Mexican Mining Industry Mineral Market Outlook 3. Mexican Mining Advantages 4. Mexican Mining Competitiveness 8
9 WORLD ECONOMICOUTLOOK World GDP (% change) World Trade Volume (% change) Source: IMF. Emerging Markets GDP (% change) Commodity Price Index2005=100 includesboth Fuel and NonFuel Price Indices
10 COMMODITIES PRICES Commodity Price Index 2005=100 Change 2015/2010 (%) Total Crude Oil Coal Cereals Agr.Raw Mat. 2.1 Metals Total Coal Agricultural Raw Materials Crude OIl Cereals Metals Source: IMF. 10
11 METAL PRICES Real Annual Indices (2010=100) Base Metals Precious Metals Source: World Bank. 11
12 , , , , , GOLD SILVER 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9, COPPER ZINC Annual Real Prices (2010 US dollars) Source: World Bank. dl/oz dl/oz dl/t dl/t 12
13 GDP CHINA VS METAL PRICE INDICES Base Metals Price Indice Precious Metals Price Indice GDP China (% Change) Source: World Bank. Real price indices 2010=
14 CONSUMPTION OF SELECTED METAL BY COUNTRY th. m.t. Copper th. m.t. Lead ,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Europe China USA Europe China USA th. m.t. Nickel th. m.t. Zinc 1, , , , , , , , EUROPA CHINA USA EUROPA CHINA USA Source: World Bureau of Metal Statistics. 14
15 METAL PRICES INTERNATIONAL PRICES OF SELECTED METALS % Change Price FORECAST PRODUCT /2014 March GOLD (London Final, Dlls./oz.) 1, , , , , , ,121.0 SILVER (London Fix, US, Dlls./oz.) LEAD (LME Settle, Ctvs Dlls./lb.) COPPER (LME Settle, Ctvs Dlls./lb.) ZINC (LME Settle, Ctvs Dlls./lb.) IRON ORE (World Bank, Dlls./Ton.) Source: Metals Week, CPM, Wolrd Bank. % change 2015/2014 Gold Silver Copper Lead Zinc Iron ore Source: Metal Weeks. 15
16 /9/2010 7/9/ /9/2010 1/9/2011 4/9/2011 7/9/ /9/2011 1/9/2012 4/9/2012 7/9/ /9/2012 1/9/2013 4/9/2013 7/9/ /9/2013 1/9/2014 4/9/2014 7/9/ /9/2014 1/9/2015 4/9/2015 7/9/ /9/2015 1/9/2016 GOLDCORP /12/2010 4/12/2010 7/12/ /12/2010 1/12/2011 4/12/2011 7/12/ /12/2011 1/12/2012 4/12/2012 7/12/ /12/2012 1/12/2013 4/12/2013 7/12/ /12/2013 1/12/2014 4/12/2014 7/12/ /12/2014 1/12/2015 4/12/2015 7/12/ /12/2015 1/12/2016 BARRICK GOLD MINING COMPANIES PRICE QUOTES ,000 2,000 3,000 4,000 5,000 6,000 7/22/ /22/2010 1/22/2011 4/22/2011 7/22/ /22/2011 1/22/2012 4/22/2012 7/22/ /22/2012 1/22/2013 4/22/2013 7/22/ /22/2013 1/22/2014 4/22/2014 7/22/ /22/2014 1/22/2015 4/22/2015 7/22/ /22/2015 1/22/2016 BHP BILLITON Source: TSX and LSE ,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 1/4/2010 4/4/2010 7/4/ /4/2010 1/4/2011 4/4/2011 7/4/ /4/2011 1/4/2012 4/4/2012 7/4/ /4/2012 1/4/2013 4/4/2013 7/4/ /4/2013 1/4/2014 4/4/2014 7/4/ /4/2014 1/4/2015 4/4/2015 7/4/ /4/2015 1/4/2016 RIO TINTO plc CAD CAD GBp GBp 16
17 GOLD Monthly Prices * (dl/oz) Supply * (Million ounces) 1, , , , , , , , , Mine Production Secondary Supply Other Demand * (Million ounces) Electronics Stock 8% demand 22% Medical 1% Other 1% Industrial demand Jewelry Stock demand Source: CPM Group. * Estimated data for Jewelry 68% 17
18 SILVER Monthly Prices * (dl/oz) Supply * (Million ounces) Mine Production Secondary Supply Demand * (Million ounces) Electronic Jewelry Other Net Surplus * (Million ounces) Source: CPM Group. Estimated data for
19 Monthly Prices * (dl/lb) COPPER 30,000 Supply * (Thou. Metric Tonnes) ,000 22,572 23, , ,000 10,000 5,000 23,400 23,200 23,000 22,800 Demand * (Thou. Metric Tonnes) 23, Balance * (Thou. Metric Tonnes) 22,600 22,400 22,200 22, ,000 21,800 21, Source: CPM Group. *Estimated data for
20 LEAD Monthly Prices * (dl/lb) ,000 12,000 10,000 8,000 6,000 Supply * (Thou. Metric Tonnes) 10,852 11, , ,000 14,000 Demand * (Thou. Metric Tonnes) ,000 10,000 8,000 10,836 11,117 Balance * (Thou. Metric Tonnes) ,000 4, , Source: CPM Group. *Estimated data for
21 ZINC Monthly Prices * (dl/lb) 18,000 Supply * (Thou. Metric Tonnes) ,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 14,008 14,036 16,000 14,000 Demand * (Thou. Metric Tonnes) 13,882 14, Balance * (Thou. Metric Tonnes) 12,000 10, ,000 6, ,000 2, Source: CPM Group. *Estimated data for
22 1. Mexican Mining Industry Mineral Market Outlook 3. Mexican Mining Advantages 4. Mexican Mining Competitiveness 22
23 México: Macroeconmic Indicators GDP (%) Inflation (%) Advanced Economies Latin America Mexico Advanced economies Latin America Mexico Source: IMF. 23
24 México: Macroeconmic Indicators Exchange Rate 2015 (January=100) Government Gross Debt (% GDP) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 42.0 Chile Mexico Brazil China Colombia Russia South Africa Mexico Latin America Source: IMF. 24
25 Mexican Mining Resources Mexico s Share in World Mine Production 1 Silver 2 Bismuth Fluorite 3 Celestite Wollastonite 4 Cadmium 5 Molibdenum Lead 6 Zinc 7 Salt Diatomite 8 Barite Graphite Gold Gypsum 10 Copper Source: USGS. 25
26 Geological Potential The Mexican territory shows well defined metallogenetic belts of Cu, Au; Cu, Mo, Au; Au, Ag, Cu; Ag, Au, Pb, Zn; Zn, Ag, Pb; F, Sr; C; Fe, Ti; Cu, Zn, Pb, Ag, Au; Fe; Au, Ag. Metallogenetic belts Ag, Au, Pb, Zn C Cu, Mo, Au Zn, Ag, Pb Cu, Zn, Pb, Ag, Au Massive Sulfides MVS (Au, Ag, Zn, Cu, Pb) Iron and titanium (Fe, Ti) Coal (C) Strontium (Sr) Fluor (F) Manganese (Mn) Phosphates (P) Au, Ag (Mesothermal) Au, Cu, Pb, Ag, Zn (Porphyry) Source: Mexican Geological Survey. MVS Au, Cu Ag Ti Fe Source: SGM 26
27 Mexican Geological Survey GEOLOGICAL AND GEOCHEMICAL MAPPING 1:250,000, No SURFACE km² ,716 1:50,000, YEAR MAP S SURFACE km² ,194 Source: Mexican Geological Survey. 27
28 Cash Cost Cash Cost Selected Mines 2015 (dl/ gold oz) 1,600 1,504 1,400 1,275 1,200 1, Source: Quarter Reports of Mining Companies (JanuarySeptember 2015). 28
29 Competitive Costs NationalProducer Price Index Mining Average prices of electricity Pesos kilowatt/hour / / / / / / / / / / / / / Source: INEGI. 29
30 1. Mexican Mining Industry Mineral Market Outlook 3. Mexican Mining Advantages 4. Mexican Mining Competitiveness 30
31 MEXICAN MINING, A COMPETITIVE INDUSTRY Where to invest in Mining2015. Behre Dolbear. Rank Country 1 Canada 2 Australia 3 USA 4 Chile 5 Mexico 6 Peru 7 Namibia 8 Botswana 9 Colombia 10 Ghana Source: Behre Dolbear,
32 FRASER INSTITUTE: INVESTMENT ATTRACTIVENESS INDEX Score (maximum 100) Mexico Rank Latin America Chile Peru Mexico Colombia Brasil Ecuador Bolivia Source: Fraser Institute, Uruguay
33 FRASER INSTITUTE: POLICY PERCEPTION INDEX Mexico Score (maximum 100) Rank Latin America Chile 83.5 Mexico Peru Uruguay Brasil Colombia Ecuador Bolivia 36.4 Source: Fraser Institute,
34 FRASER INSTITUTE: BEST PRACTICES MINERAL POTENTIAL INDEX Mexico Score (maximum 100) 78.0 Rank Latin America Chile Peru Colombia Mexico 68.0 Brasil Bolivia 50.0 Ecuador 47.0 Source: Fraser Institute, Uruguay
35 LIST OF FACTORS THAT ENCOURAGE OR AFFECT INVESTMENT Rank 1109 México Brazil Chile Colombia Peru Uruguay Ecuador Bolivia Uncertainty concerning the administration, interpretation, and enforcement of existing regulations Environmental regulations Regulatory duplication and Inconsistencies Legal System Taxation Regime Uncertainty Concerning Disputed Land Claims UncertaintyConcerning ProtectedAreas Quality of Infrastructure Socioeconomic Agreements/Community Development Conditions Trade Barriers Political Stability Labor Regulations Geological database Security Availability of Labor Source: Fraser Institute Annual Survey of Mining Companies
36 COMPARISON OF DIFFERENT TOPICS ENCOURAGE INVESTMENT (RANK) Uncertainty concerning the administration, interpretation, and enforcement of existing regulations Regulatory duplication and Inconsistencies Chile 19 Chile 12 Uruguay 22 México 30 México 27 Peru 54 Peru 39 Uruguay 68 Colombia 69 Colombia 69 Brazil Ecuador Bolivia Brazil Bolivia Ecuador Geological Database Environmental regulations Chile 26 México 12 Peru 38 Chile 25 México 42 Peru 52 Colombia 59 Uruguay 54 Brazil Ecuador Uruguay Bolivia Bolivia Brazil Colombia Ecuador Source: Fraser Institute,
37 COMPARISON OF DIFFERENT TOPICS ENCOURAGE INVESTMENT Taxation Regime Security Chile Peru México Colombia Brazil Uruguay Bolivia Ecuador Chile Uruguay Ecuador Brazil Peru Bolivia México Colombia Uncertainty Concerning Disputed Land Claims Quality of Infrastructure Chile Uruguay México Peru Colombia Brazil Ecuador Bolivia México Chile Uruguay Peru Ecuador Colombia Brazil Bolivia Source: Fraser Institute,
38 MINING ALLOTMENTS WITH ADVANCED EXPLORATION 38
39 THANKS
Alaska s Natural Resource Commodities: A 10-Year Outlook
Alaska Resources Development Council November 14-15, 2018 Alaska s Natural Resource Commodities: A 10-Year Outlook David R. Hammond, Ph.D. Principal Mineral Economist Hammond International Group Commodities
More informationThe Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies
The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers
More information18 th May Global Steel Industry Trends: Is the perception the reality?
18 th May 2004 Global Steel Industry Trends: Is the perception the reality? Investors have perceived the steel industry negatively Poor returns over the long term, high volatility, relatively small size
More informationGlobal Mineral Commodity Prices: Perspectives and Trends
17 th Brazilian Mining Congress and EXPOSIBRAM 2017 Global Mineral Commodity Prices: Perspectives and Trends When Will the Market Hit Deficit: Risks, Opportunities, China s Changing Consumption Pattern,
More informationCurrent situation and prospects for copper, nickel, lead and zinc
Global Commodities Forum Palais des Nations, Geneva 22-23 March 2010 Current situation and prospects for copper, nickel, lead and zinc by Mr. Don Smale, Secretary General, International Lead and Zinc Study
More informationIndex, nominal terms, 2010 = Energy. Agriculture Metals
Outline Broad commodity price trends Index, nominal terms, 2010 = 100 180 150 Energy 120 90 60 Agriculture Metals 30 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Source:
More informationMarket Insights. June 30, 2018
June 30, 2018 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.7% 1.2% 1.3% 2.1% 2.3% 1.7% 2.3%
More informationMarket Insights. March 29, 2019
March 29, 2019 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.2% 1.4% 2.1% 2.3% 1.7% 2.4% 2.3%
More informationPressure building in the tin market?
Pressure building in the tin market? DATE: 25 May 2017 PREPARED BY: Cui Lin PREPARED FOR: SHFE Conference Presentation overview 2016 in review Recent market trends The outlook for supply and demand Summary
More informationOpening address for dinner-debate
Opening address for dinner-debate Mohammed Barkindo Acting for the OPEC Secretary General European Parliament Strasbourg, France 4 July 2006 1 Outline Importance of EU-OPEC Energy Dialogue Current oil
More informationChina and Latin America: Opportunities and Challenges
China and Latin America: Opportunities and Challenges Alicia García-Herrero - Chief Economist Emerging Markets Economic Research Department BBVA Medellin, IADB Annual Meetings, March 2009 1 Contents China
More informationSulphur Market Outlook
Sulphur Market Outlook Meena Chauhan Head of Sulphur and Sulphuric Acid Integer Research The Fertilizer Institute Outlook and Technology conference Fort Lauderdale, Florida Founded in 2002, Integer Research
More informationPercent
Outline Outline Growth is picking up Percent 6 Advanced economies Emerging and developing economies 5 4 4.9 5.0 4.3 4.4 4.6 4.7 4.7 3.7 3.7 3 2 2.0 2.3 1.6 2.2 2.3 1.9 1.7 1 1.1 1.3 0 2012 2013 2014 2015
More informationEconomic Overview. Melissa K. Peralta Senior Economist April 27, 2017
Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation
More informationSA economic review Kevin Lings. August 2018
SA economic review Kevin Lings August 2018 South Africa real GDP growth year-on-year %y/y 8 7 6 5 Ave 4.3% 4 Ave 2.5% 3 2 Ave 0.9% 1 0-1 -2-3 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 2
More informationEconomic & Financial Market Outlook
Economic & Financial Market Outlook BC Pension Forum March 1, 2013 Chris Lawless, Chief Economist Overview Global forces Recent economic performance ~ US, Europe, Japan, China ~ Other emerging markets
More informationPerspectives on the long-term outlook for iron ore
Perspectives on the long-term outlook for iron ore John Barkas john.barkas@metalytics.com.au Iron Ore 2015 Perth WA, 13 July 2015 Disclaimer Metalytics is a consultancy based in Sydney, Australia that
More informationAnalyzing the Energy Economy Michael Plante Senior Research Economist
Federal Reserve Bank of Dallas Analyzing the Energy Economy Michael Plante Senior Research Economist Disclaimer Disclaimer: The statements in this presentation do not represent the official views of the
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun Jul
More informationLisbon, June 19, 2012
COLOMBIA: STABILITY FOR FINANCIAL DEVELOPMENT José Darío Uribe E. Governor Central Bank of Colombia Lisbon, June 19, 2012 Firstly, during the last decade d the Colombian economy seems to have entered a
More informationSteel Market Outlook. AM/NS Calvert
Steel Market Outlook AM/NS Calvert Agenda Economic indicators Key steel consuming markets and forecasted demand Steel consumptions trends Global steel markets and raw materials Comments on trade 1 U.S.
More informationCompetitiveness Conditions for Copper Investment in Brazil
Simexmin Brazilian Symposium on Mineral Exploration Competitiveness Conditions for Copper Investment in Brazil Phil Newman, CEO May 22 th 2012 CRU STRATEGIES A division of CRU International Ltd 31 Mount
More informationPredicting the Markets: Chapter 12 Charts: Predicting Currencies
Predicting the Markets: Chapter 12 Charts: October 5, 218 Dr. Edward Yardeni Chief Investment Strategist Mali Quintana Senior Economist info@yardenibook.com Please visit our sites at www. blog. thinking
More informationJordi Prat Principal Economist March, 2018
Jordi Prat Principal Economist March, 2018 Agenda Economic Growth and Human Capital Foreign Banking in CADR and Financial Convergence Effect Favorable External Context Possible Shocks for CADR Favorable
More informationAirline industry outlook 2019
Airline industry outlook 2019 Brian Pearce Chief Economist 12 December 2018 Million barrels a day US$ per barrel Are the markets signalling recession ahead? 60 55 Business confidence (left scale) FTSE
More informationPDAC. Prospectors and Developers Association of Canada 5th Fennoscandian Exploration and Mining Conference GLOBAL TRENDS IN MINERAL EXPLORATION
Prospectors and Developers Association of Canada 5th Fennoscandian Exploration and Mining Conference GLOBAL TRENDS IN MINERAL EXPLORATION Rovaniemi,, Finland December 1, 2005 The Presentation What the
More informationDry Bulk Shipping in Indonesia Opportunities & Outlook
Dry Bulk Shipping in Indonesia Opportunities & Outlook Mare Forum, Jakarta 27 Peter Malpas 29 th November 27 Introduction Indonesia Key Facts Land Area 1,919,44 km2 = World s s 16 th Largest Population
More informationColombia: Economic Adjustment and Outlook. Andres-Mauricio Velasco Technical Deputy Minister of Finance, Republic of Colombia February 2018
Colombia: Economic Adjustment and Outlook Andres-Mauricio Velasco Technical Deputy Minister of Finance, Republic of Colombia February 2018 What is Colombian Ministry of Finance s outlook and funding strategies
More informationGlobal growth forecasts Key countries/regions,
Global growth forecasts Key countries/regions, 2014-2018 Percent 7 6 5 4 3 2 1 0 Developing Asia Sub-Saharan Africa Middle East and North Africa Latin America and the Caribbean United States Euro area
More informationWorld and Brazilian Exploration Trends
World and Brazilian Exploration Trends David Cox Senior Sales Executive SimeXmin Ouro Preto, Brazil May 13, 2014 Corporate Exploration Strategies Methodology CES is the acknowledged source for worldwide
More informationCattle Market Outlook & Important Profit Factors for Cattle Producers
Cattle Market Outlook & Important Profit Factors for Cattle Producers Dr. Scott Brown Agricultural Markets and Policy Division of Applied Social Sciences brownsc@missouri.edu http://amap.missouri.edu $
More informationCargo outlook Brian Pearce Chief Economist. 13 December 2018
Cargo outlook 2019 Brian Pearce Chief Economist 13 December 2018 % total revenues % total revenues Cargo revenue contribution stabilizing 2 82% 80% 78% 76% 74% 72% 70% 68% 66% 64% 62% Share of airlines'
More informationUS Economic Activity
US Economic Activity GDP has been in positive territory for seven consecutive quarters, and the advance estimate shows the US economy grew at a 1.0% rate in the fourth quarter 2015. US Economic Activity
More informationROLE OF COPPER IN CHILEAN ECONOMY
ROLE OF COPPER IN CHILEAN ECONOMY Patricio Meller, Bernardo Lara & Gonzalo Valdés January 2010 1 Basic Data: Chile 2009 Population (millions) 17 Yn/cap (US$ PPP) 14,299 GDP (billions US$) 243 Territory
More informationZions Bank Economic Overview
Zions Bank Economic Overview Kenworth National Dealers Conference November 8, 2018 1 National Economic Conditions 2 Volatility Returns to the Stock Market 27,000 Dow Jones Industrial Average October 10,
More informationHow Global Trade Is Driving Demand For Ports
How Global Trade Is Driving Demand For Ports 17 April, 2018 Dr. Walter Kemmsies Chief Strategist JLL Ports Airports and Global Infrastructure JLL Ports Airports and Global Infrastructure Capital Markets
More informationAn Agricultural Update
An Agricultural Update May 22, 2018 Indianapolis, IN David Oppedahl Senior Business Economist 312-322-6122 david.oppedahl@chi.frb.org Personal consumption shares 40% 30% 20% 10% 0% 1950 1960 1970 1980
More informationEconomy On The Rebound
Economy On The Rebound Robert Johnson Associate Director of Economic Analysis November 17, 2009 robert.johnson@morningstar.com (312) 696-6103 2009, Morningstar, Inc. All rights reserved. Executive
More informationUtility Debt Securitization Authority 2013 T/TE Billed Revenues Tracking Report
Utility Debt Securitization Authority 2013 T/TE Billed Revenues Tracking Report Billing Budgeted Billed Dollar Percent Month Revenues Revenues Variance Variance Jan 2018 11,943,180.68 12,697,662.47 754,481.79
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing September 11, 2017 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites at blog. thinking outside the box 4.6 4.4 4.2
More informationPredicting the Markets: Chapter 15 Charts: Predicting Currencies
Predicting the Markets: Chapter 15 Charts: March 3, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table
More informationThe Israeli Economy 2009 The Caesarea Center Conference
The Israeli Economy 2009 The Caesarea Center Conference Provost, Interdisciplinary Center (IDC) Herzliya The Big Issues The broken crystal ball A crisis that happens once in 100 years From a country oriented
More informationThe Party Is Over U.S. Automotive Outlooks
The Party Is Over U.S. Automotive Outlooks Yen Chen Senior Research Economist Center for Automotive Research Federal Reserve Bank of Chicago Economic Outlook Symposium December 1, 2017 U.S. Light Vehicle
More informationModest fall in December Orders Offset by 19% Gain in Annual Total over 2017
For Immediate Release: February 11, 2019 REVISION Contact: Amber Thomas Director - Advocacy & Communications, AMT 571-216-7448 or athomas@amtonline.org Modest fall in December Orders Offset by 19% Gain
More informationSouthern Lodging Summit Memphis, TN. Presented by Randy Smith Founder Smith Travel Research
Southern Lodging Summit Memphis, TN Presented by Randy Smith Founder Smith Travel Research Total US - Key Statistics 12-Months Ending July 2012 % Change Hotels 52.3 k Room Supply 1.8 bn 0.4% Room Demand
More informationDECLINE IN COMMODITY PRICES GCC OUTLOOK NOVEMBER 22 ND, 2015
DECLINE IN COMMODITY PRICES GCC OUTLOOK NOVEMBER 22 ND, 2015 1 EVERYONE HAS A PLAN UNTIL THEY GET PUNCHED IN THE FACE 2 HE WHO IS NOT COURAGEOUS ENOUGH TO TAKE RISKS WILL ACCOMPLISH NOTHING IN LIFE 3 IT
More informationSEB Commodities Research
SEB Commodities Research Nasdaq OMX Stockholm Nov 5-2014 Bjarne Schieldrop Head of SEB Commodities Research Bjarne.schieldrop@seb.no +47 9248 9230 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Aug-13
More informationTABLE 1. REAL GDP AND GROWTH RATES IN THE ESCWA REGION AT CONSTANT 1995 PRICES, (Millions of US dollars and percentages) Percentage change
TABLE 1. REAL GDP AND GROWTH RATES IN THE ESCWA REGION AT CONSTANT 1995 PRICES, 2001-2004 (Millions of US dollars and percentages) Percentage change Country/area 2000 2001 2002 2003 a/ 2004 b/ 2001 2002
More informationEnergy Security: Markets and Policy
Energy Security: Markets and Policy Pierre Noël EPRG, University of Cambridge Critical Infrastructure Conference, London, 20 April 2011 Contents Global Oil and the Middle East European Gas and Russia Japan
More informationPresident and Chief Executive Officer Federal Reserve Bank of New York Washington and Lee University H. Parker Willis Lecture in Political Economics
The U.S. Economic Outlook Chartspresented by WilliamC Dudley Charts presented by William C. Dudley President and Chief Executive Officer Federal Reserve Bank of New York Washington and Lee University H.
More informationMarket Correlations: Copper
Market Correlations: Copper January 19, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationU.S. Oil & Gas Industry Chartbook
U.S. Oil & Gas Industry Chartbook BBVA Research USA Houston, TX July 2015 DISCLAIMER This document was prepared by Banco Bilbao Vizcaya Argentaria s (BBVA) BBVA Research U.S. on behalf of itself and its
More informationCommodity Market Outlook: Corn, Forage, Wheat & Cattle
Commodity Market Outlook: Corn, Forage, Wheat & Cattle Stephen R. Koontz Professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu
More informationCurrent Hawaii Economic Conditions. Eugene Tian
Current Hawaii Economic Conditions Eugene Tian Department of Business, Economic Development & Tourism At the PATA/TTRA 2016 Annual Outlook & Economic Forecast Forum February 3, 2016 Positive Signs in the
More informationSource: Statistics Canada. World Trade Analyzer, Source: Statistics Canada. World Trade Analyzer,
Table 1 Mexican Merchandise Exports Average 1982 1983 1984 1985 1986 1982-86 Total 22610 25497 26996 25890 15159 23230 of which: US 11965 15915 16636 16630 10138 14257 Canada 657 659 683 664 269 586 ROW
More informationBeef Outlook. Regional Dealer Event. February 9, Dr. Scott Brown Agricultural Markets and Policy Division of Applied Social Sciences
Beef Outlook Regional Dealer Event February 9, 2018 Dr. Scott Brown Agricultural Markets and Policy Division of Applied Social Sciences brownsc@missouri.edu http://amap.missouri.edu $ Per Cwt. MED. & LRG.
More informationFREIGHT DYNAMICS IN THE LOW PRICE CLIMATE METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM
FREIGHT DYNAMICS IN THE LOW PRICE CLIMATE METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM JUNE 216 PRESENTATION STRUCTURE year-to-date freight market in perspective 1q16 sees vessel earnings sink to historic
More informationNew Growth Segments for the Air Cargo Industry
Page 1 New Growth Segments for the Air Cargo Industry 4 th Air Cargo Economics Conference Prague, April 22-23, 2004 Page 2 Assumptions Primary commodity sectors and their growth Perishables: are they really
More informationMARKET AND CAPACITY UPDATE. Matthew Marsh September 2016
MARKET AND CAPACITY UPDATE Matthew Marsh September 2016 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
More informationCalendar On US Federal Reserve Holidays, no settlements will take place for USD.
NASDAQ Dubai Notice No: NASDAQ Dubai Trading Holidays and Settlement Calendar 2012 Date of Issue: NASDAQ Dubai TRADING HOLIDAYS AND SETTLEMENT CALENDAR 2012 For Derivatives, Exchange Traded Commodities,
More informationAt The Fork In The Road. Outlook for 2012 and Beyond AAPA Port Finance Seminar April 18, 2012
At The Fork In The Road Outlook for 2012 and Beyond AAPA Port Finance Seminar April 18, 2012 ENR Top 100 company, founded in 1945 in Long Beach, California Offices: US, Guam, Canada, Europe, Middle East,
More informationFREIGHT AND LOWER COMMODITY PRICES METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM
FREIGHT AND LOWER COMMODITY PRICES METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM JUNE 215 PRESENTATION STRUCTURE current situation acutely depressed actual & expected earnings China slowdown more severe
More informationGlobal growth prospects
Global growth prospects Percent 6 Advanced Economies Emerging Markets and Developing Economies 5 4.9 5.0 4.7 4.7 4.5 4 4.3 4.3 3.7 3.7 3 2 2.3 2.3 2.2 2.0 2.0 1.7 1.7 1 1.1 1.3 0 2012 2013 2014 2015 2016
More informationU.S. Oil & Gas Industry Chartbook
U.S. Oil & Gas Industry Chartbook BBVA Research USA Houston, TX August 2015 DISCLAIMER This document was prepared by Banco Bilbao Vizcaya (BBVA) BBVA Research U.S. on behalf of itself and its affiliated
More informationCargo outlook Brian Pearce Chief Economist. 13 December 2018
Cargo outlook 2019 Brian Pearce Chief Economist 13 December 2018 1 Cargo revenue contribution stabilizing 2 % total revenues 82% 80% 78% 76% 74% 72% 70% 68% 66% 64% 62% 2008 2009 2010 2011 2012 2013 2014
More informationThe Great Convergence: China, India and the new global economy. Mark Thirlwell Program Director, International Economy July 2006
The Great Convergence: China, India and the new global economy Mark Thirlwell Program Director, International Economy July 2006 India Two views of the largest economies in 2005 Top 12 economies by GDP,
More informationIndia: Can the Tiger Economy Continue to Run?
India: Can the Tiger Economy Continue to Run? India s GDP is on the rise US$ trillions Nominal GDP (left axis) GDP growth (right axis) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1990 1992 1994 1996 1998 2000 2002 2004
More informationAlistair Wallace. Director, Senior Consultant and Nitrogen Team Lead CRU Group. Nitrogen Outlook
Alistair Wallace Director, Senior Consultant and Nitrogen Team Lead CRU Group Nitrogen Outlook Strong demand fundamentals underpin nitrogen market, but... Presentation Structure...producers have overcooked
More informationManufacturers Continue Capacity Expansion as Technology Orders Grow
Contact: Penny Brown, AMT, 703-827-5275 pbrown@amtonline.org For Release: October 8th, 2018 Manufacturers Continue Capacity Expansion as Technology Orders Grow Manufacturing technology orders posted an
More informationA comment on recent events, and...
A comment on recent events, and... where we are in the current economic cycle November 15, 2016 Mark Schniepp Director Likely Trump Policies $4 to $5 Trillion in tax cuts over 10 years to corporations,
More informationBeef Cattle Market Update
Beef Cattle Market Update August 8, 2017 Dr. Scott Brown Agricultural Markets and Policy Division of Applied Social Sciences University of Missouri brownsc@missouri.edu http://amap.missouri.edu Twitter
More informationROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN
ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Macroeconomic Research and Statistics Department Vol. XVIl, No.3 March 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02 Table
More informationMUSTAFA MOHATAREM Chief Economist, General Motors
MUSTAFA MOHATAREM Chief Economist, General Motors INTRODUCTION The U.S. economy continues to grow at a gradual but also erratic pace The current recovery is one of the slowest in the post-wwii U.S. history.
More informationROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN
ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Department of Macroeconomic Research and Statistics Vol. XVIl, No.9 September 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02
More informationCapitalizing on the Opportunity in Emerging Markets
Capitalizing on the Opportunity in Emerging Markets Philippe Langham, Head, Emerging Markets Equities & Senior Portfolio Manager January 2017 RBC Global Asset Management (UK) Ltd. Rising Importance of
More informationROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN
ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Department of Macroeconomic Research and Statistics Vol. XVIl, No.11 November 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02
More informationLobster Market Analysis. Policy and Economics Branch DFO Gulf Region May 2008
Lobster Market Analysis Policy and Economics Branch DFO Gulf Region May 2008 1 Commercially landed lobster species (Volume landed in 2006 x 1,000 m.t.) LOBSTERS (251) CLAWED LOBSTERS (170) UNCLAWED LOBSTERS
More informationSTATISTICS BOTSWANA. INTERNATIONAL MERCHANDISE TRADE STATISTICS Monthly Digest March 2018
STATISTICS BOTSWANA INTERNATIONAL MERCHANDISE TRADE STATISTICS Monthly Digest March 2018 Contact Statistician: Malebogo Rakgantswana Email: mrakgantswana@statsbots.org.bw Tel: (+267) 367 1300 Statistics
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development 11 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 15-16 April 2019, Geneva Saudi economic growth strategy on the face of oil price uncertainty
More informationMalthus revisited? Science and resource limits
Malthus revisited? Science and resource limits Andrew Bloodworth Head of Science for Minerals and Waste, British Geological Survey Navachab mine, Namibia Rev Thomas Malthus 1766-1834 The power of population
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More informationMajor Issues and Trends Facing the Port and Marine Transportation Industry
Major Issues and Trends Facing the Port and Marine Transportation Industry Presented to: AAPA Marine Terminal Management Training Program April 24, 2006 Charleston Riverview Hotel Charleston, SC - USA
More information10/18/2015. Outline. Commodity Outlook
Commodity Outlook Stephen R. Koontz Professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu http://webdoc.agsci.colostate.edu/koontz
More informationMonthly Digest February 2016 No. 2016/04. Copyrights Statistics Botswana 2016
STATISTICS BOTSWANA BOTSWANA INTERNATIONAL MERCHANDISE TRADE STATISTICS Monthly Digest February 2016 No. 2016/04 Copyrights Statistics Botswana 2016 Contact Statistician: Malebogo Rakgantswana Email: mrakgantswana@gov.bw
More informationLivestock, Poultry, and Dairy: Situation and Outlook
Livestock, Poultry, and Dairy: Situation and Outlook AAEA Annual Meeting Extension Track August 14, 2012 James G. Robb Director james.robb@lmic.info 29 land Grant Universities: USDA Members: ERS APHIS
More informationU.S. Oil & Gas Industry Chartbook
U.S. Oil & Gas Industry Chartbook BBVA Research USA Houston, TX September 2015 DISCLAIMER This document was prepared by Banco Bilbao Vizcaya Argentaria s (BBVA) BBVA Research U.S. on behalf of itself and
More informationOutline. Overview of globalization. Global outlook for real economic activity & inflation. Risks to the outlook
2017 International Economic Outlook Everett Grant Research Economist Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas October 2017 The views expressed are those of the author and
More informationTelling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017
Recent Developments in the Canadian Economy: How have the decline in oil prices and a weaker Canadian dollar affected Canada s economy? www.statcan.gc.ca Telling Canada s story in numbers Elizabeth Richards
More informationJapanese Market Potential
Growth Strategy (announced on 14 June 2013) : Japan is BACK. Overall Target: 2% Real GDP Growth in the next 10 years JPY1.5 million Increase of GNI/capita after 10 years Unleash the Potential of Private
More informationImpacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker
Impacts of the Global Economy on Asia Pacific Travel 29 June 2007 John Walker jwalker@oxfordeconomics.com Oxford Economics Founded in 1981 Over 300 clients including blue chip companies and government
More informationIowa Land Values. Wendong Zhang Assistant Professor of Economics and Extension Economist
Iowa Land Values Wendong Zhang Assistant Professor of Economics and Extension Economist wdzhang@iastate.edu 515-294-2536 2017 U.S. Bank Ag Summit, Ames, IA, January 10 th, 2017 The new Mike Duffy 30 29
More informationShifting International Trade Routes A National Economic Outlook. February 1, 2011
Shifting International Trade Routes A National Economic Outlook February 1, 2011 Today s Objectives Endeavor to provide a broad context for today s program by briefly touching on: Some good news Some not
More informationEconomic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
More informationEconomic Update and Outlook
Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and
More informationRailroads and the Economy
Railroads and the Economy North East Association of Rail Shippers April 27, 2016 Railroads Help Keep Coal- Based Electricity A cynic is a man who, when he smells flowers, looks around for a coffin. -H.L.
More informationINDUSTRY IN FIGURES July/2018
INDUSTRY IN FIGURES July/2018 1. Industry performance (short-term indicators) Main industrial indicators Variable May18/Apr18 (%) seasonally adjusted May18/May17 (%) Accumulated rate in the last 12 months;
More informationANNUAL REPORT 2012 INTERNATIONAL MERCHANDISE TRADE STATISTICS ISBN NO:
ANNUAL REPORT 2012 IMTS INTERNATIONAL MERCHANDISE TRADE STATISTICS ISBN NO: 978-99968-485-2-0 Published by STATISTICS BOTSWANA Private Bag 0024, Gaborone Tel: 3671300 Fax: 3952201 E-mail: info@statsbots.org.bw
More informationGlobal economic cycle has slowed
Year-on-year % change Confidence index, 50= no change Global economic cycle has slowed 25% 70 20% International trade growth 65 15% 10% Industrial production growth 60 5% 55 0% 50-5% Business confidence
More informationMONTHLY DIGEST May Copyrights Statistics Botswana 2017
INTERNATIONAL MERCHANDISE TRADE STATISTICS Copyrights Statistics Botswana 2017 Contact Statistician: Zibo Albert Email: zalbert@statsbots.org.bw Tel: (+267) 3671300 Release Date: August 2017 1 Statistics
More informationINDUSTRY IN FIGURES November/2018
INDUSTRY IN FIGURES November/2018 1. Industry performance (short-term indicators) Main industrial indicators Variable Sep18/Aug18 (%) seasonally adjusted Sep18/Sep17 (%) Accumulated rate in the last 12
More information