Mining activity or continuous heat in the next 6 quarters

In the first half of 2017, the economic outlook for the United States, Europe, Japan, China and other emerging markets improved and monetary policy returned to normalization, with the global economy showing signs of recovery. Global mining fundamentals have improved, as the International Monetary Fund's latest World Economic outlook report raised expectations of global economic growth from 3.4% to 3.5% this year.

The recent geopolitical crisis has flared again, and panic has spread. On August 29, North Korea shot a missile in the morning and the missile overflew the Hokkaido, triggering a backlash from Japan, South Korea and the United States. Asian and European stock markets fell across the board, particularly in the Nikkei 225 index, which had a record low of nearly 4 months. The European Stoxx 600 index hit a record low of nearly 6 months, and the Anglo-German stock market fell more than 1% per cent. The Dow Jones industrial average futures fell more than 100 points, while the prices of military-type companies such as Raytheon, Lockheed Martin and Northrop rallied.