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Tamarack Mining Supply Index: January 2022
Mining Supply Index falls from 54 to 50 in December
Downward trend aligns with other falling economic indicators
January opens with more signs of recession in 2023
Geo-political tensions continue to impact markets
High degree of volatility throughout the index and several categories
Tires, Industrial Supply, and Chemicals experienced declines across the board in December
Recession fears continue to haunt markets amid economic uncertainty
Major Drilling performed well in the Drilling category, announcing new quarter results, an 18% revenue increase noting strong demand from the mining industry and investment in new and more efficient equipment
Contractor category performed well – Perenti releases included updated guidance, new contracts and contract extensions
Grinding media category performed well, and dividend announcements issued
Cost Tracking Models: January 2023
Each model represents an estimated "should cost" based on its constituent components and inputs (i.e., commodity, labour, freight).
Sample cost models based on delivery to specific locations. Please enquire with Tamarack to learn more.
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