Issue link: http://resourceworld.uberflip.com/i/423464
D E C E M B E R / J A N U A R Y 2 0 1 5 www.resourceworld.com 17 With over 20 years flying in the remote & rugged Northwest region of British Columbia, Lakelse Air is the premier aviation company that people call upon when they need safe & reliable helicopter services. We are committed to our customers and very proud of the work we produce. MAIN BASE 3712 Highway 16 East Terrace, BC Phone: 250 635 3245 PRINCE RUPERT Phone: 250 624 3245 BOB QUINN Phone: 250 237 3245 Mining & Exploration Forestry Project Mobilization Emergency Medical Services Heavy Lift Aerial Construction Oil and Gas Power Line Construction Environmental Support Sightseeing tours Heli-skiing Lakelse Air Ltd. www.lakelseair.com exports to produce nickel pig iron. The country had approximately 30 million tonnes of ore stockpiles, which is expected to be depleted in early 2015, notes Smith. tin According to FastMarkets and Sucden Financial, growing demand for consumer electronics in emerging as well as high- income markets, along with an increasing number of tin-containing electronics components in motor vehicles, are trends expected to drive tin consumption over the next couple of years. The tin market's fundamentals are some of the tightest of the base metals complex. The market is in a supply deficit and Indonesia's apparent success at regulating availability may well mean larger supply deficits are in store. There is no meaningful new capacity coming on stream until after 2014. The average tin price forecast from a composite of analysts that Bloomberg has tracked currently stands at US $19,587/ tonne for 2015. iRon Morgan Stanley reduced its iron ore price estimate for this year and predicted a further drop in 2015 as the seaborne sur- plus grew faster than expected and the level of cost support at Chinese producers declined. The bank believes prices will average US $105/ton this year and about $90/ton in 2015. Morgan Stanley's forecast for this year is lower than that of Goldman Sachs Group Inc., which predicts an average of US $109/ ton, and below UBS AG's estimate of $111/ ton. aluminum Morgan Stanley's aluminum forecast for 2015 is US $1,893/ton a 3% increase over the previous forecast. This is due to the increased aluminum usage by the automo- tive industry around the globe, especially the in the US. Moreover, Morgan Stanley also believes that supply is most likely to subside further as more producers turn to production cuts. The global surplus of aluminum is expected to decrease to 310,000 tons in 2015 and 280,000 tons in 2016 and into def- icit in 2017, according to Morgan Stanley. The cut in production coupled with strong demand growth presents a bright future for the metal. The global aluminum demand is expected to grow 7.4% in 2015, mainly on the back of increased demand from US car industry and strong consump- tion growth in China. coal A warmer-than-usual winter in Europe and increased hydropower production in China have cut global demand for ther- mal coal to generate electricity, according to consultants Energy Aspects Ltd. The world excess may grow by 58% next year to 19 million tonnes. Asian steelmakers are paying a record low for coking coal contracts and utilities in Japan have agreed to the lowest annual supply deal in five years as a glut crimps