Exploration fundamentals for most metals in 2019 are good, predicted global budget for 2019 is smaller than 2018 with 5-10% increase in expenditure, mainly focusing on  late-stage exploration as industry remains risk-averse, grass root exploration budgets fell to an all time low in 2018, major minors spending more exploration budget than juniors for grass root exploration, Latin America favored exploration destination, Canada largest aggregate budget.  Commodities of interest include gold, copper and zinc saw highest increases, also lithium and cobalt with marked increases. Source: S&P Global Market Intelligence.

Global Exploration Budgets To Increase 10% In 2019