New Market Research Report: Australia Mining Report Q3 2014

With China's economy on course for a rude slowdown over the coming years, Australia's mining sector is set to suffer the painful spillover effects of a sharp investment slowdown. We forecast Australia's mining sector value to reach USD187bn by 2018, growing at an annual average rate of 4.0% over our forecast period.

Australia has been among the biggest beneficiaries from the China-led commodities boom over the past decade, attracting huge amounts of investment into the minerals space. Driven by China's voracious appetite for key commodities such as coal and iron ore, the value of Australia's mining industry had increased by more than six-fold from USD24bn in 2003 to USD154bn in 2013. As a result, this has seen the sector's share of GDP rising from 4.5% to 10.2% over the same period. However, we believe the boom years in the mining industry is over. With China's economy on course for a rude slowdown over the coming years, Australia's mining sector is set to suffer the painful spillover effects of a sharp investment slowdown.

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We believe Australia will be the biggest loser from the mineral imports shift in China ( see 'Minerals Import Squeeze: Bittersweet Outcomes', July 17 , 2013). The latter commands a prominent role in Australia's exports of key commodities including coal and iron ore. Already, the mining sector is feeling the crunch of plummeting commodity prices as a string of miners scale back their ambitions and slam the brakes on investment. The rising tide of economic nationalism, declining labour productivity and aggressive minimum wage legislation will compound the challenges in the mining industry, amplifying the downshift in Australia's economy going forward ( see 'Tough Times Ahead, What Can Replace The Mining Boom', May 03 , 2013). We expect the value of Australia's mining sector to reach USD187bn by 2018, growing at an annual average rate of 4.0% over our forecast period. This contrasts with...

The Australia Mining Report has been researched at source and features Business Monitor International (BMI)'s mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Australia Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Australia.

Key Benefits

* Use BMI's independent industry forecasts on Australia to test other views - a key input for successful budgeting and planning in this mining market.

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