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Scars from the 2015 Meltdown Are Still Fresh for Miners

Mark O'Hara
Scars from the 2015 Meltdown Are Still Fresh for Miners

When the cycle turns for the worse and commodity prices fall, mining companies’ free cash flows also fall. There isn’t much that mining companies can do when commodity prices fall. After the 2008–2009 economic crisis, we saw a sharp rally in metal prices. Copper prices briefly topped the $10,000 per metric ton level in 2011.