TMX turmoil turns explorers to energy minerals

• Autores: Laura Syrett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 581, 2016 (Ejemplar dedicado a: Marzo)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "The TMX finds itself in a perfect storm where commodity markets have collapsed and volumes have dried up on most exchanges," Ian Russell, CEO of the Investment Industry Association of Canada, told the country's Financial Post ( FP ) in February. "It's not so much an identity crisis as much as it may be a struggle for survival." "The mining sector was, and remains, caught in an unparalleled downward trend," Mitchell Smith, CEO of GEMC, told IM. "Despite this downturn, we believed that waiting was no longer a viable strategy and needed to take action to keep our business and projects moving forward." For his part, Smith is confident that, for battery minerals, the only way is up. "Macro drivers are set to propel demand for battery metals including lithium, cobalt and graphite, as energy storage demand rises and end usage applications grow," he said. "Now that the spinout has been finalised, we're convinced that the new organisational structure was the correct strategy."