Recent Events

Mining Equipment Market Near 20-Year Low (August 11, 2016)

Whether compared to previous reports sequentially (Q2 vs. Q1 2016), year-over-year (Q2 2016 vs. Q2 2015) or vs. the peak levels that were obtained in 2012, the latest reported deliveries are dismal. Annualizing the latest numbers would appear to result in 2016 shipments equal to less than one quarter’s shipments during 2012. And it ranks among the worst quarters in the past 20 years. There are a number of mining industry measures that appear to indicate an end to the industry-wide contraction, but these are certainly not yet reflected in equipment shipments tracked by Parker Bay.

Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q2 2016.