Mining News

Moody’s foresees elevated commodity prices, constraints persisting throughout this year

Moody’s Investors Service says the persistence of weaker mining production and volume constraints will exacerbate tight markets and further elevate prices of many metals after a number of large rated global diversified mining companies posted first-quarter production results showing weaker production and rising costs.

However, a boom in 2021 has provided a cushion to many mining companies that will help soften current upheavals in the market. Higher prices that are likely to persist throughout this year will also limit the adverse effects of cost inflation on miners’ credit quality.

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