论文辅导:矿业公司的衰退

论文辅导:矿业公司的衰退

在过去20年左右的时间里,随着中国、印度和许多其他亚洲国家经济增长水平的提高,矿业巨头必和必拓(BHP billiton)和必和必拓(里约热内卢Tinto)的财富增加。由于中国经济对矿物和金属的强劲需求,这些公司的销售和收入增长了许多倍。随着中国以惊人的速度建设城市和制造基础设施,澳大利亚矿业公司成为该地区金属原材料和矿产的主要供应商,以填补该地区巨大的供需缺口。像印度这样的国家也纷纷从澳大利亚进口煤炭,因为煤炭似乎比从印度偏远地区进口更便宜。的强劲需求驱动的两个亚洲巨人,必和必拓这样的公司看到了非凡的增长在2002年和2013年之间的时期(大卫,2012)然而,第一次经济衰退的迹象条件和全球需求疲软的复苏,有削弱这些矿业公司的盈利前景。

论文辅导:矿业公司的衰退
2013年初,黄金和白银价格大幅下跌,随后,2014年初,铁矿石、铜和煤炭进口价格大幅下跌。更糟的是,新的煤炭供应来源出现了,而且继续以更低的价格供应煤炭。随着美元在同一时期走强,以及全球需求因石油进口价格下跌而走弱,上述因素进一步减弱。铜价成为第一个受害者,从两年前的每磅40美元跌至每磅3美元,铁矿石价格跌至每吨75美元,这是过去5年来的最低水平(Collander, 2012)。全球需求减弱,尤其是在美国壳牌天然气(shell gas)热潮之后。这波热潮导致全球油价在3年内从2011年的每桶120美元降至不足50美元。这几乎摧毁了石油生产国,因为它们的新需求增长几乎停滞。自2013年以来,大宗商品总价格已经下跌了40%,而且远未结束。

论文辅导:矿业公司的衰退

In the last two decades or so, along with the rising level of economic growth in China and India and many other Asian nations, the fortunes of the mining giants BHP and Rio Tinto rose. The sales and revenue of these firms rose many times on the basis of a very strong demand for minerals and metals in the Chinese economy. As Chinese built cities and manufactured infrastructure at a breakneck speed, Australia based mining firms became a major supplier of metal raw material and minerals to fill the huge gap between demand and supply in the region. Countries like India also flocked to import coal from Australia, as it was seemingly getting cheaper than transporting from far off places in India itself. On the back of strong demand drivers from the two Asian giants, companies like BHP saw phenomenal growth in the period between 2002 and 2013(David, 2012)However, with the first signs of a recessionary condition and resurgence of weakening demand globally , there is a weakening of the earnings prospect of these mining firms.

论文辅导:矿业公司的衰退
Gold and silver prices saw a very stiff decline in prices in early 2013 and this was followed by a large decline in the import prices of iron, copper and coal prices in early 2014. To make matters worse, new supply sources emerged andcontinued to supply coal at a much cheaper rate.The matters were weakened further as the US dollar strengthened over the same period and the global demand weakened over easing oil import prices. Copper became the first casualty of the situation and was sold as low as $3 per pound down from $40 two years ago and iron prices plunged to $75/tonne, which was the lowest in the last 5 years(Collander, 2012).The global demand weakened particularly in the wake of US shell gas boom which downed global oil prices to less than $50/barrel in three years’ time from $120 in 2011. This almost shattered the oil producing economies as growth of new demand almost stalled in them. Overall commodity prices have gone down by 40% since 2013 and are far from over.