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 research experience. Prior to joining Progressive, Nick held research positions at a number of institutions including Canaccord Genuity, Investec, ING, Robert Fleming, (now JP Morgan), James Capel, (now HSBC), and Kleinwort Benson. Nick has researched and advised companies and investors around the world, across a broad commodity spectrum, and across the market capitalisation range. Nick began his career as a Geologist and has a degree in Geology from the University of London. Nick is a Chartered Engineer and a Fellow of the Institute of Materials, Minerals and Mining, the Geological Society and the Chartered Institute for Securities and Investment.