Steering Committee Asia: Business to rise up in 2021
Mining in Australia is booming, while stronger foreclosure tendencies are noticed from China. The service and spare parts business is a mainstay. Negotiations for new projects are tough.
A support is the service and spare parts business. Negotiations on new (and especially large) projects are still tough. The increased external value of the euro could become a burden.
The strong business in Australia is highlighted. China is rated as stable and good, although stronger foreclosure tendencies are noticed. India is rated positively overall. In Turkey, many projects are being discussed. But business transactions in the mining sector are a long time coming.
For 2021, an increasing business in the Asian mining sector is assumed. Some participants of the Steering Committee Asia consider the Middle East region interesting and see concrete opportunities in individual cases.