Mining Indaba ’15: There is no new China to come on stream

By Laura Syrett
Published: Friday, 13 February 2015

Miners are coming to terms with the need to adjust to new supply-demand fundamentals as Chinese consumption slows and no other emerging economy looks in a position to fill the void. While headline demand indicators like iron prices ore are expected to suffer, some believe that speciality minerals such as graphite, lithium and rare earths may be cushioned by new and expanding pockets of growth, although access to funding remains tough across the board.

The demise of China as a commodities super-consumer has left the mining industry facing a radically altered set of demand fundamentals to those that sustained the last commodities boom until 2012.

Mining analysts at the Mining Indaba 2015 conference in Cape Town, South Africa, said this week that waning Chinese consumption, the...