2019 下半年缅甸矿进口暂缓，中美贸易摩擦等短期因素催化的稀土磁材板块投资热情开始缓和。但全球稀土资源开发并未随短期景气度扰动而明显变化。总体来看，海外稀土资源多处于开发较早期阶段，项目融资成为事关成败的关键；另一方面，中国资本逐渐登陆国际市场，成为海外资源开发的重要催化剂。

There are several on-going projects in private sector companies, in the end-user segment, such as oil and gas, mining, and construction. As a result, the metal fabrication industry in Canada is not expected to witness a sudden surge, and remain stable over the next few years. The industry is highly fragmented due the presence of a large number of small- and medium-sized companies.  Metal fabrication is expected to have a large scope in end-user segments, such as oil and gas, mining, construction, aerospace, power generation, and ship building.  The reshoring of various manufacturing activities in Canada had a positive impact on the steel fabrication industry in the country. Automotive companies and other manufacturing companies that require fabricated steel products have been outsourcing majority of their businesses to low-cost countries, like China. Government initiatives and increasing labor cost in low-cost countries, in comparison to Canada, have attracted the manufacturers to shift production to Canada.  Majority of the metal fabrication companies in Canada have been adhering to the traditional manufacturing practices, and the adoption of advanced technologies in the industry has been very low.