Demand Bouncing Back

- July 29th, 2009

Iron Investing News reports the global commodity market is bouncing back. BHP, the Anglo-Australian company’s involvement in the full range of mining, from iron ore to diamonds to coal, gives it a broad take on the overall state of the commodities market. Last November, BHP Billiton was forced to defer delivery of 6 million tonnes … Continued

Iron Investing News reports the global commodity market is bouncing back.

BHP, the Anglo-Australian company’s involvement in the full range of mining, from iron ore to diamonds to coal, gives it a broad take on the overall state of the commodities market. Last November, BHP Billiton was forced to defer delivery of 6 million tonnes of iron ore – equivalent to 5 per cent of its annual production – after a stockpile of up to 68 million tonnes built up at Chinese ports, with another 125 million tonnes standing idle at the country’s steel mills.

For complete story, click this link.

Follow developments in resource mining and exploration for free.

Sign on to The Resource Stock Watch.

Tags

Tags:

Leave a Reply