After reaching record highs in the first half of 2008, commodity and metal prices, collapsed spectacularly in the wake of the global financial crisis, losing nearly 50% by mid-2009. However, the effects of the huge stimulus packages co-ordinated by the developed world governments, and the growth needs of the developing nations led by China and India, brought the demand for commodities and profitability back to the mining sector. The industry has since recovered many of its earlier losses and, in certain cases, achieved impressive gains. But how long will this buoyancy last and does it have to end in yet another bust cycle?
Report by Deloitte