The mining sector is being weak with lower prices
The 2016 Metals Market
January 4, 2016
Glencore, the metals mining giant
January 6, 2016
Deflation is still on the market, and this is while Canadian mining try to escape from this Circumstances and this can hit the Canadian economy by the price of minerals and metals.
At the end of December:
Coal decreased by 32 percent, as well as Iron ore 24%, Palladium 30%, Copper 25%, Zinc 30% and finally, Aluminum was 19% drop in prices. All of these materials are in Canadian mining and production, part of the industry in Canada employs about 380 thousand, as well as in the stock market played a major role in the industry. so that, about 54 billion dollars in GDP of 2013 was involved.
Source: http://www.madan24.com
