Mining equipment demand on the rise

A global increase in demand for commodities has led to tightening access to mining equipment and labour, an Ernst & Young (EY) report has revealed.

Australian Mining is reporting the Australian mining fleet index has risen by 7.5 per cent in value in 18 months since December 2016, edging close to levels last seen five years ago.

The rising index indicates a strong demand for construction, earth-moving and quarrying equipment, termed as yellow goods.

It points to a healthy Chinese economy and other manufacturing economies that are underpinned by key commodities such as coal and iron ore.

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