Worsening economic outlook, weak metals prices marred mining in Q2, says S&P Global

NEW YORK (Aug 19)  Analysts at S&P Global Market Intelligence have pointed the finger at a worsening global economic outlook and softer metals prices for dragging down global mining activity in the three months through June.

In its quarterly ‘State of the Market: Mining Q2’ report released this week, senior analyst Sean DeCoff said metals and mining companies’ valuations had been significantly impacted by these market trends, despite the metals and mining indices outperforming the S&P 500 during the period.

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