The metals downturn put a stop to large expansion programs for miners and forced them to use resources more wisely. This solidified the need for partnerships and JVs to achieve growth and optimize operations, which in turn intensified competition among competitors to grab hold of what little business was available. Now, metals prices are on the rise and the industry is in an entirely different shape. But old habits are hard to break. Service providers are increasingly optimizing their offerings with the same competitive mindsets they had during the downturn. As efficiency grows, JVs and M&As are becoming even more common as those that cannot compete are made obsolete. But which is more important: partnership or rivalry?
Join the discussion among industry leaders at Mexico Business Events’ exclusive Networking Cocktail on April 19. Enjoy the insights of top-level executives who are formulating strategies to stay ahead of the game as the industry picks up speed.