EQUIPMENT
Demand for minerals and metals is expected to increase in 2021 A more favorable pricing environment should be seen by miners and metal producers in 2021, as almost all mineral and metal prices (except iron ore) are projected to average higher yearon-year (y-o-y) in 2021, Fitch Solutions forecasts in its latest report.
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hile metal prices have recovered impressively over Q2-Q420, following the decline reported at the beginning of the year due to covid-19, Fitch states that prices will continue to fall on average year-on-year basis in 2020.
In 2021, Fitch says that the wider and stronger global economic recovery will boost prices as covid-19 vaccines are made available. In some key mining countries, such as Peru and South Africa, access to vac-
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cinations would also help reduce the disruptions to operations seen in 2020. According to Fitch, mining and metal operations will therefore increase in 2021, after the sector encountered major disruptions in 2020 due to gov-
