The factors that push and pull products and prices underpin procurement decisions from the buying desk to the C-Suite. That's why Tamarack tracks markets, shares leading insights, partners with organizations to dive deeper into the data, and develops proprietary information to follow - and lead - the market. 

Tamarack's members receive an enhanced monthly edition of our mining market intelligence and analysis, providing more data and deeper insight.  
 

Tamarack Mining Supply Index: August 2022

Sept 1 22 Index Image.png
Index Movement
  • Index dipped lower in August but remained above 50, indicating slightly positive growth.

  • Mobile Equipment, Tires, Chemicals, and Fixed Assets all experienced negative growth of at least 5%.

  • Index was propped up by contract mining/mining services category, with Perenti Global (parent of Barminco, Ausdrill, etc.), recording an impressive 36% share price increase.  A major factor driving this was improved margins in underground and surface mining as a result of secured contract rate increases.

Headwinds 
  • Persistent global inflation continues to apply upward pressure on the cost of mining inputs.

  • Overseas manufacturing continued to slump in August, driven by China's slowdown caused by "COVID Zero" restrictions.

Tailwinds
  • Inflation is having a negative impact on demand for products and services.

  • Fear of a coming global recession are negatively influencing investment and stocks.

  • Freight rates continue to fall month-over-month, but remain above pre-pandemic prices. 

 

Commodities: updated September 14, 2022

PPI Image Cropped Website.png
Freight Index Image Cropped Website.png
Economy Overview Image Cropped Website.png
Steel Image Cropped Website.png
Explosives and Cement Image Cropped Website2.png
Hydrocarbon Fuel Image Cropped Website.png
Machinery and Equipment Image Cropped Website.png
 

Cost Tracking Models: August 2022

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.

Powered by ProPurchaser

August 2022 Sodium Cyanide Picture.png
August OTR Tire Should Cost Picture.jpg
August 2022 ANFO Picture2.jpg
August 2022 Grinding Media Picture.jpg

We're always tracking new commodities and markets and developing new models for our buying community and we'd love to hear from you. Have a suggestion for a model?  Know of a publicly traded company that should be included in our index?  

Logo_ProPurchaser.png

Since 2001, ProPurchaser has been a trusted source for thousands of procurement professionals.  ProPurchaser tracks commodity cost drivers that affect suppliers' productions costs, and alerts members as changes occur.  When suppliers' costs fall, members use this information to negotiate lower prices; when costs rise, they fend off unsupportable increases.

Tamarack's members are eligible to a discounted rate on a ProPurchaser membership.