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 (FCX +2.16%) and Southern Copper Corp (SCCO +0.94%). 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 (BHP +1.68%) and Rio Tinto (RIO +1.67%) 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.
