Mining Equipment Sector Looking for the Turnaround

When the mining sector falters, they do not falter alone. That's because many businesses rely on one another for their own success, and the mining equipment sector is a prime example.

Until 2013, Caterpillar and Joy Global rode the wave of a mining boom fueled by rising commodity prices. Some within the industry referred to this period as a "super cycle." When the bubble burst, and fewer and fewer equipment orders came in, both companies were forced to lay off hundreds of workers.

This ebb and flow really is nothing new, of course.

Over the years, the mining industry has experienced boom and bust periods, sometimes lasting for years. "We are not seeing a lot of improvement in the very near term, but I also think there's probably not a whole lot of downside left," said analyst Mircea Dobre with investment firm Robert W. Baird & Co. (Milwaukee Journal Sentinel)

As is the case with the situation in the Australian mining community (only slightly less dire), leaders in the American markets hope that with the markets having nowhere further to drop, there is nowhere else to go but up.

We routinely ship to mines throughout North and South America, and therefore feel fully invested in the direction of the global mining markets. It's our hope to see growth not only in the Americas, but also around the world.

Remember that at every rise and fall of the mining world, we are still here, offering a full range of OTR products for all of your mining needs. Feel free to contact us for the best deals.

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