Underground Mining Equipment

  • Chile Bets on Hydrogen

    Chile has announced plans to produce US$ 30 billion in green Hydrogen for export by 2050. This involves using the mining industry equipment traditionally powered by diesel in fuel cell powered equipment to make the bridge for current state to future state.

    Fabio Ferraresi
    Fabio Ferraresi

    Source: Financial Times     Read The Article

    PSR Analysis: There are several roadblocks as technology improvement needs, energy cost and investment source for the initiative. So far it sounds like a campaign promise…

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  • Construction Machinery Sales Could Fall 18%

    The market for construction machinery showed good results in Q1 2020, following ruble devaluation and the construction of hospitals. However, it began to decline in April, and the Association of European Business (AEB) expects an 18% decline for 2020 instead of the small growth forecasted earlier.

    Maxim Sakov
    Maxim Sakov

    The most significant sales decline is expected for excavators, loaders and dump trucks. Only crawler tractors can avoid decrease, however, it’s still 32.6% worse than pre-crisis expectation.

    Experts note that the largest decline is likely to be in more expensive applications, or where existing fleets have larger reserves. In cases where there are no support measures, the decline could be as much as 50% or more.

    However, one positive signal is that there are no plans to reduce road construction projects.

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  • COVID19 Special Report – Brazil Market Update

    Power Systems Research published in the June 13  issue of Automotive Business magazine a high level update on perspectives of MHV and Off-Highway segments. See the article at the link below and translated presentation.

    Carlos Briganti
    Carlos Briganti

    Source: PSR at Automotive Business     Read The Article

    PSR Analysis: Although ANFAVEA published a decreased forecast, we believe that the decrease will be lower than the Light Vehicles decrease. Metrics we follow, such as Diesel consumption and…

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  • COVID-19 Webinar Scheduled With HDMA

    Power Systems Research will work with the Heavy Duty Manufacturers Association (HDMA.org) to present a one-hour webinar examining the impact of COVID-19 on the industrial segments of Agricultural and Construction in North America.

    The webinar will be presented Wednesday, June 17. Watch hdma.org and powersys.com for details. PSR

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  • We Expect 2020 NA Overall OEM Production To Be Flat

    This article initially appeared in the February 2020 issue of PowerTALK News.

    SUMMARY.  The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.

    Yosyf Sheremeta
    Yosyf Sheremeta

    Consumer confidence declined slightly in December, following a moderate increase in November.  The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019. 

    Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”

    Read More »

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