Resumen de Gambling at the mining casino
The opening remarks of Robert McCaffrey, director of Global Commodities Media who chaired the London event, drew an accurate picture of the sector if there ever was one. "For the last couple of years we've kept saying: 'It cannot get any worse'," he said. "And then we found that it could get worse after all." "Many companies were teetering on the brink of oblivion," said [Jeremy Wrathall]. "During 2015, it was not unusual for companies to slash their dividends in order to maintain healthier cash levels." "This is going to discourage pricing for the foreseeable future," said Wrathall, as Investec forecast a drop in prices in the coming months. "The price environment will weigh heavily on the market, squeezing out excessive supply."
