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Global mining outlook ?stable?
2020-12-01
As the mining industry awaits India?s largest mining trade fair, starting tomorrow, Fitch Ratings says that the global mining industry bears a stable outlook. Risks of pandemic-related supply disruptions and slower-than-forecast economic growth will linger next year, but their impact on the sector will be moderate compared with the downturn in the first half of 2020.
Fitch says China's economic recovery from the Covid-19 pandemic and sizeable infrastructure-focused government stimulus boosted global metals and mining prices, helping to stabilise its expectations for the sector's performance in 2021.
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