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Mining Procurement.

Done Differently.

MARKETS

MARKET WATCH:  January 2023

The TMSIndex falls to 50, aligning with many other economic indicators all pointing towards a rocky economic outlook for 2023 propelled by fear of a coming recession.  

MARKETS

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Monthly tracking for key mining commodities - stay informed with Tamarack.

MARKETS

MARKET MINUTE:  January 18, 2023

Both in steady decline, the US ISM Purchasing Managers Index dropped below 50 and the Canadian-based Ivey Purchasing Managers Index took a significant tumble to 33.  The latest data speaks to the presumed fear of what 2023 has in store for the world’s economy.

  • Interest rate hikes were headline making in 2022 and more are expected in the early half of 2023 (Forbes.com)

  • China’s manufacturing output is hard to predict in early 2023 as exposure and infection rates climb in the absence of the zero-COVID policy measures lifted in December 2022 (Rhodium Group)

  • Global demand is changing; necessary and sometimes compelling purchasing pivots made in the wake of the COVID supply chain collapse may point to longer, more lasting changes (Wall Street Journal)

  • Economic decoupling along US and Chinese lines is unnerving while the trajectory of the Russian invasion of Ukraine also places economic confidence on shaky ground

  • Evolving policy changes make it very hard to peer into certain key markets, like December’s EU & G7 backed price cap on Russian oil (The Economist)

And so, even while some other important and widely reported on indicators are looking up - like the easing rate of inflation in the second half of 2022 the complexity of the global economy and the troubles that loom in front of us create pressures that will surely factor into purchasing decisions made in 2023.

ABOUT US

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“Procurement that improves AISC and builds community is game changing”

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PDAC 2023 is coming!

We look forward to meeting members, suppliers and partners in Toronto this March. 
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Procurement is better as a member

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Changing markets, inflation, deflation and security of supply – get back to the basics with Tamarack's pricing models.

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Group action to discuss group HME purchasing strategies is coming soon - get in touch to reserve your spot!
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Global mining procurement in action

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Our Team, Our Story 

Global experts, innovation leaders, passionate about sourcing & procurement, and driving improvement in the mining industry.
 
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