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.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.