PRESIDENT AND CEO, SILVER STORM MINING
"Silver Storm has a near-term production asset, La Parrilla, and an advanced stage exploration project, San Diego, both located in the prolific mining locale of Durango State, Mexico."
Corrections in petrochemical prices have been long coming, yet the speed and sharpness of the relapse surprised the industry. A reduction in margins had started in 2019, but the pandemic distorted the cycle, putting on hold the construction of world-scale petrochemical plants and playing with consumption behaviors as economies closed and re-started. Today, those capacities in Asia and the US that have been years in the making have come onstream, oversupplying the market.