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Miners Find Optimism a Rare Commodity
Keywords:
Copper futures fell by more than 6% on Sept. 22, 2011. Rio Tinto's shares were down close to 11%. In 2011 shares of BHP, Rio Tinto and Xstrata have dropped by 30-40% from the peak reached on July 7. This is much faster than the fall in metals prices. The Dow Jones-UBS Industrial Metals Index declined by 19% in that period. The decline in mining shares suggest medium term metals prices will drop to the recession levels in the last quarter of 2008 and the first quarter of 2009, according to RBC Capital Markets. This view is not reflected in commodities markets. Iron ore prices are double now compared to prices during the 2008-2009 recession, and copper prices at $3.48 are much higher than the $2.02 average price during the 2008-2009 recession. Goldman Sachs estimates that BRIC's growth would have to decline sharply for this to happen.
Rio Tinto management
04/13/2006
Grouped Articles
Rio Tinto's First-Half Profit Falls 71%
Wall Street Journal 08/09/2013
Rio Tinto's Time-Consuming Turnaround
Wall Street Journal 08/08/2013
Rio Tinto's Walsh Still Faces Major Challenges Ahead
Wall Street Journal 02/25/2014
Economist 02/02/2009
Rio Tinto Already Has Metallic Tinge
Wall Street Journal 07/10/2014
Rio Tinto Digs In as Rival Spins Off
Wall Street Journal 05/07/2015
Rio Tinto strategies
02/02/2009
Grouped Articles
Rio Tinto's First-Half Profit Falls 71%
Wall Street Journal 08/09/2013
Rio Tinto's Time-Consuming Turnaround
Wall Street Journal 08/08/2013
Rio Tinto's Walsh Still Faces Major Challenges Ahead
Wall Street Journal 02/25/2014
Economist 02/02/2009
Rio Tinto Already Has Metallic Tinge
Wall Street Journal 07/10/2014
Rio Tinto Digs In as Rival Spins Off
Wall Street Journal 05/07/2015
BHP Billiton
04/13/2006
Australia's largest mining company.
Grouped Articles
Wall Street Journal 05/01/2013
After Going All In During Mining Boom BHP Cuts its Ambitions
New York Times 08/08/2013
Weaker Prices Push BHP's Net Down 30%
Wall Street Journal 08/21/2013
BHP Aims to Boost Iron-Ore Output Even as Prices Fall
Wall Street Journal 07/24/2014
Rio Tinto Digs In as Rival Spins Off
Wall Street Journal 05/07/2015
Overheard: South32’s Not-So-Fond Farewell to BHP Billiton
Wall Street Journal 07/23/2015
BHP Billiton strategies
08/24/2011
Grouped Articles
Wall Street Journal 05/30/2013
After Going All In During Mining Boom BHP Cuts its Ambitions
New York Times 08/08/2013
Weaker Prices Push BHP's Net Down 30%
Wall Street Journal 08/21/2013
Wall Street Journal 04/02/2014
BHP Aims to Boost Iron-Ore Output Even as Prices Fall
Wall Street Journal 07/24/2014
Rio Tinto Digs In as Rival Spins Off
Wall Street Journal 05/07/2015
Vale SA performance
04/13/2006
Brazil's largest mining company.
Grouped Articles
Vale's Home Help Can't Help Enough
Wall Street Journal 05/02/2013
Brazil's Vale Reduces Stake in Controversial Dam
Wall Street Journal 12/21/2013
Vale Looks to Carve Out a Fertile Future
Wall Street Journal 09/07/2010
Hard Labor Needed for Mining Renaissance
Wall Street Journal 01/22/2014
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
BHP Looks Past Travails, Remains Upbeat on China
Wall Street Journal 08/26/2015
Rio Tinto performance
02/02/2009
Grouped Articles
Rio Tinto's First-Half Profit Falls 71%
Wall Street Journal 08/09/2013
Rio Tinto's Time-Consuming Turnaround
Wall Street Journal 08/08/2013
Hard Labor Needed for Mining Renaissance
Wall Street Journal 01/22/2014
Rio Tinto's Walsh Still Faces Major Challenges Ahead
Wall Street Journal 02/25/2014
Economist 02/02/2009
Rio Tinto Already Has Metallic Tinge
Wall Street Journal 07/10/2014
BHP Billiton performance
08/24/2011
Grouped Articles
Wall Street Journal 05/30/2013
After Going All In During Mining Boom BHP Cuts its Ambitions
New York Times 08/08/2013
Weaker Prices Push BHP's Net Down 30%
Wall Street Journal 08/21/2013
Hard Labor Needed for Mining Renaissance
Wall Street Journal 01/22/2014
Wall Street Journal 04/02/2014
BHP Aims to Boost Iron-Ore Output Even as Prices Fall
Wall Street Journal 07/24/2014
Commodities and Avoiding Boom Bust cycles
04/13/2006
BHP Broken Hill Proprietary, big Australian mining company and how its working the commodity business a different way from the past. Comparison to oil Companies and similar issues faced by oil companies though more complex in the case of oil.
Grouped Articles
Wall Street Journal 05/01/2013
Wall Street Journal 05/30/2013
After Going All In During Mining Boom BHP Cuts its Ambitions
New York Times 08/08/2013
The Deal Is Simple. Australia Gets Money, China Gets Australia
BusinessWeek 09/02/2010
An Australian Boom Town Feels Chill of Commodity Price Decline
Wall Street Journal 06/09/2014
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
The global mining industry in 2011-2012
07/29/2011
Grouped Articles
Diggers Enter Minefield as Costs Increase
Wall Street Journal 07/29/2011
Miners Find Excuses in Short Supply
Wall Street Journal 09/06/2011
Miners Find Optimism a Rare Commodity
Wall Street Journal 09/23/2011
China Speeds Economic 'Transformation'
Wall Street Journal 03/06/2012
Hot Commodity: Research on Prices
Wall Street Journal 04/26/2012
Miner Rio Tinto Ousts CEO as Bad Bets Cost Billions
Wall Street Journal 01/18/2013
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