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Positive Signs in Mining Equipment Market (November 14, 2016)

Mining Equipment deliveries increased 13% over Q2 which was also revised upward by 3% owing to additional units added.  As is usually the case, the gains were quite uneven by product, size, region and mineral. In particular shipments of smaller machines increased substantially faster than larger units with the increase in valuation roughly half that of unit shipments. While these figures are encouraging, in large part they reflect the extraordinarily low level of shipments in the first half of this year. Even with further gains in Q4, full-year 2016 shipments are likely to fall well below the already depressed 2015 level. But combined with other measures of mining market activity, these gains may be the start of an industry recovery.

Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q3 2016.