Recession / Downturn Impact, page-7

Agree with ura that if it were to hit now credit markets would tighten right up initially placing some plans at risk. Proceeding this there more than likely will be loosening of monetary policy from government seeking stimulus which would most likely benefit the sector.

If a recession were to hit once the sector had developed a ‘head of steam’ the effect would be negligible as the ev conversion of transport and industry would have evolved to where oil stands now within the global economy i.e., price in elasticity of demand which sees little variance as they (minerals involved) will have moved to essential commodities for daily life. Price variances would therefore be supply driven.