The mining industry has hit a bit of a speed bump, with commodities prices dropping in recent months. That was part of the message at the Minerals North conference, underway over the next two days in Mackenzie.
“There has been slippage in commodity prices, which has made investors less interested in entering into the market place for us,” says Glen Wonders, the Vice President of Technical and Government Affairs for the Association for Mineral Exploration British Columbia. “But having said that, BC miners are extremely efficient. They are very optimistic to the future. We do know the demand will rise in all sectors.”
He says the steadiness of gold prices at the moment, as well as moderately strong copper prices, may indicate the downward trend has come to a halt.