This segment is from Thursday's edition of "Digging for Value", in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Global growth is imperative to the success of industrial metals miners like Freeport-McMoRan Copper & Gold (NYSE: FCX ) and Southern Copper Corp (NYSE: SCCO ) . Unfortunately, the past two years have seen a steep decline in industrial spending due to financial downturns across the globe. Adding to this decrease in demand, capital spending has been aimed at increasing supply. BHP Billiton (NYSE: BHP ) and Rio Tinto (NYSE: RIO ) are currently working on water desalination in Chile that should help boost production in the mining-heavy South American nation. Tune in below for more information from analyst Taylor Muckerman on projects like these and China's plans for growth moving forward.
Copper not your metal of choice? How about our choices for gold investing?
Gold has outshined the stock market with strong returns since 2000, but more recently has given way to big declines. The Motley Fool's new free report, "The Best Way to Play Gold Right Now," dissects the recent volatility and provides a guide for gold investing. Click here to read the full report today!