Part of the Stock Digest group of websites: Visit Tech Stock Digest  

New seven powerhouses to drive mineral demand: EMR exec

China, India, Brazil, Mexico, Russia, Indonesia, and Turkey will be leading the world’s mineral demand in the coming decades, Owen Hegarty, Executive Chairman of Australian private equity manager EMR Capital, predicts.

Speaking at the Paydirt 2018 Africa Down Under mining conference taking place in Perth, Hegarty said that the new top seven economies will lead the expected doubling of the global economy by 2050.

“You have to look at China – a country rebalancing, reforming and transforming – and that will make it the key driver of minerals commodity demand,” the investment expert said.

In his view, the Asian giant will need a large amount of construction and technology materials in the coming years as it ramps up its Belt and Road initiative, which is designed to improve infrastructure and connectivity between China and Eurasia.

“But it is not just China. India will derive 25 per cent of its GDP from manufacturing by 2022 and its Smart Cities Mission has committed $3 trillion to infrastructure spending to 2035,” Hegarty said. “This alone will create another wave of minerals commodities demand,” he added.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.



Name Last Change
DOW 25017.40 1.58%
S&P 500 2690.73 1.69%
NASDAQ 7028.48 3.12%
TSX 15071.01 0.56%
TSX-V 615.24 0.00%

Resource Commodities

Name Last Change
Gold 1227.97 0.32%
Silver 14.48 0.35%
Copper 2.80 0.000
Platinum 852.00 0.06%
Oil 56.76 0.53%
Natural Gas 4.70 9.11%
Uranium 29.18 0.17%
Zinc 1.20 0.00%


Part of the Stock Digest family of websites
Small Cap Stock Digest