Global mining outlook is worrying.
The
new corona virus had a major impact on the mining market. S & P Global
Market Intelligence research the outlook for mining will be bleak for the rest
of the year.
S & P analyst Christopher Galbraith predicted at a recent online video
conference that the global nonferrous metal exploration budget will be less
than 17 billion U.S. dollars, down 29% than last year,the lowest level during
these 15 years.
The reduction of the global exploration budget expenditure in 2020 is bound to force various drilling companies to find ways to reduce drilling costs
SINO MUD is willing to support our clients to cut the drilling cost down.
