Recent Events

2013 mining equipment deliveries down 40% YoY (February 7, 2014)

Equipment deliveries were down another 7% in the final quarter of 2013. And just under 40% year-over-year compared to 2012. Seven quarters into the current down cycle, mines took delivery of forty percent as many machines as Q1 2012.

While coal and gold continue to drag the market lower, mining equipment shipments to both copper and iron ore recovered in the final quarter. Copper in particular was up nearly a third in Q4 after four quarterly declines. It accounted for a fourth of all deliveries compared to its 12% share during the last growth cycle. This helped drive the Latin American market higher with more shipments than North America and Australasia combined.

Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q4 2013.

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