“Fundamentals” supporting a sustained uptick in metals demand and investment are increasingly evident, according to Metso CEO Sami Takaluoma, who says the cycle is reflected in the manufacturer’s step-up in capital equipment and aftermarket orders.
“My view and our view is that this cycle has started and it has fundamentals that are quite solid and tangible,” Takaluoma told analysts this week after Metso announced its September-quarter results.
“Electrification, still urbanisation is driving that, and then on top of these things have come the data centres and such. From that perspective the fundamentals have strengthened here month by month and quarter by quarter.
