Recent Events

Significant Increase in Second Quarter Shipments (August 8, 2017)

Open pit mining equipment deliveries increased 21% in units (24% increase in value of these deliveries) as compared to Q1 2017, and a very impressive 92% year-over-year increase in units shipped during Q2 2016 (which represented the bottom of the last contraction cycle). Having now increased for four consecutive quarters and by a substantial amount, it seems appropriate to consider the mining equipment markets in a sustained expansion phase. Related measures of mining industry activity (mineral production and prices, mining company revenues and profits, capex, acquisitions of major mine assets) all point toward these results continuing for the balance of 2017 and beyond. As always there are exceptions and the potential for reversals.

Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q2 2017.