Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: Russia's gold and coal production growth will be the sector's relative bright spots, while PGM's
and iron ore output growth will grind to a halt. Low metal prices, the country's inadequate infrastructure
and Western sanctions will continue to limit the sector's production growth.
Latest Developments & Structural Trends
? The gradual re-orientation of Russia's coal exports from Europe to Asia will be driven by growing
demand for both thermal and coking coal in the latter region (see 'Russia Eyes The East', February 10
? Russia's gold production growth will slow as the country's unfavourable regulatory environment towards
foreign investment will deter new miners from entering the sector and limit new projects from coming
online. While we expect gold prices to edge higher, prices will not recover to 2011-2014 heights over our
forecast period to 2020.