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BHP Blames Eurozone, China Slowdown for Increasing Costs
Aug. 22, 2012 10:53AM PST
Base Metals Investing Forbes reported that BHP voiced concerns over the stability and future in the commodities market, blaming the Eurozone and China’s slowdown for increasing its costs and lowering prices of its products.
Forbes reported that BHP voiced concerns over the stability and future in the commodities market, blaming the Eurozone and China’s slowdown for increasing its costs and lowering prices of its products.
As quoted in the market news:
BHP attributed the decreased earnings to “[w]eakness in commodity markets and industry wide cost pressure,” but though the natural resource giant sees further commodity weakness in the short-term, stimulus in China and a possible stabilization in U.S. markets could spark the next leg up in a structural bull run for commodities.
