Headwinds for the industry, both market and regulatory have continued over the past few months, resulting in companies re-evaluating the economics of their projects based upon current pricing curves. Early activity in this regard has resulted in some asset write downs announced with 2012 calendar year end results.
Into 2013, both India and China continue to be key demand drivers for this commodity. Over time, the infrastructure development growth in other countries will also drive demand and pricing. The velocity of demand will be the key factor that producers will be watching, as it impacts their investments and development of both current and future assets.
Also in this report:
- Sector uncertainty, with strengthening demand
- Supply and demand
- Key developments
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Other 2012 Q4 Quarterly Commodity Bulletins: