Commodity Markets Entering Period of Stability, Orica CEO Says

Orica Ltd., the largest supplier of explosives to the mining industry, has begun to observe stability in commodity markets that have been marked by volatility, sinking profits and job cuts after a global boom ended.

“We still see a lot of volatility, but I think that I’ve seen more stability than I’ve seen in some time,” in the past month, Chief Executive Officer Alberto Calderon told reporters after an industry briefing in Perth on Thursday. “When I talk to our customers I get the sense they are saying ‘Well let’s get on with it’. They have done a very good job of cost-cutting. They just need to continue to grow, and that’s the behavior we are seeing.”