Mining stocks are focused on the location and extraction of metal and mineral reserves. The sector has many companies located around the world – some with large revenues. Metals and minerals are mined for profit and may be used in industrial applications, in jewellery-making or used for investment purposes.
The mining industry is subject to boom and bust cycles that usually reflect global economic conditions. In addition, large investments in resources – such as those made by China over the last decade – can influence prices. In addition, developments in other industries often change the demand dynamics for metals and minerals and support the mining industry.
Nick has over 35 years’ Metals and Mining sector research experience. Prior to joining Progressive, Nick held research positions at a number of institutions including Canaccord Genuity, Investec, Robert Fleming, James Capel and Kleinwort Benson. Before this Nick worked as a geologist at both Rustenburg Platinum Mines and BP.
Chris has over 40 years market experience in Zambia, Kenya & Sri Lanka as a Geologist.