BUSINESS DAY TV: If Trump is true to his word, it’s good for resources
Peter Major is director of Mining at Cadiz Corporate Solutions. BUSINESS DAY TV: President-elect Donald Trump holds his first press conference today. We’ve got lots of expectation around the incoming administration’s pledges to boost infrastructure spending, which has already worked to lift metals and producers alike. The Bloomberg World Mining Index has advanced about 4.6% since Trump’s victory in November while the London Metal Exchange Index of six key metals has jumped about 6%. Peter Major of Cadiz Corporate Solutions joins us in the News Leader studio now with his outlook for the resources sector this year. Peter ... so BHP has already engaged with president-elect Donald Trump on the industry. What real impact do you see the planned infrastructure spend in the US having on the sector? Let’s look beyond just the rhetoric here. PETER MAJOR: For 100 years, from 1900 until the year 2000, when the US talked infrastructure spend it was real, it had a big impact on commodities becaus...
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