Resources rush for 2018 and beyond
BY ELIZABETH FABRI AUSTRALIA’S mining sector is set to accelerate through 2018 as strengthened global economics, particularly in China, support commodity prices and underwrite new investment. According to a recent report by S&P Global Market Intelligence, over the next 12 months China will drive continued growth in end-use demand for most base metals through developments such as the ‘One Belt One Road’ initiative. However the report highlighted fears surrounding China’s debt and ability to sustain GDP growth rates (a process that determines the success of large infrastructure spending), but assured macroeconomic improvements were still likely despite the risks. “A key macroeconomic area of support for base metals prices will be through the US dollar, as it moves weaker relative to…