Fourth Quarter Surge in Shipments of Large Mining Equipment (February 8, 2017)
May Signal Sustainable Market Recovery.
Having reached what appears to have been ‘rock bottom’ of the severe, four-year contraction in large equipment deliveries, shipments of large mobile surface mining machines shipped during the last calendar quarter of 2016 (as measured by Parker Bay’s Mobile Mining Equipment Index) increased by almost one-third (units) with aggregate value increasing by 28% vs. Q3. These gains came on top of significant improvements during the July-September quarter. Coupled with a myriad of other markers of mining industry improvement, this may well signal the beginning of a sustainable growth cycle.
Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q4 2016.