Review of the strategy and activities - Outotec
Review of the strategy and activities - Outotec
Review of the strategy and activities - Outotec
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Mining <strong>and</strong> metals capital expenditure<br />
• Capital expenditure in<br />
metals <strong>and</strong> mining sector<br />
driven by dem<strong>and</strong> <strong>and</strong><br />
pricing for underlying<br />
metals<br />
• Capital expenditure levels<br />
tend to peak 2-3 years<br />
after prices<br />
• After several years <strong>of</strong><br />
underinvestment, capital<br />
expenditure levels are<br />
rising rapidly<br />
Capex (US$ million)<br />
40 000<br />
35 000<br />
30 000<br />
25 000<br />
20 000<br />
15 000<br />
10 000<br />
5 000<br />
0<br />
LME Price Index<br />
180<br />
150<br />
120<br />
90<br />
60<br />
30<br />
0<br />
1978 1983 1988 1993 1998 2003<br />
Mining & Metals Capex<br />
LME index<br />
Source: CRU<br />
CMD 2007 | 14
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