BHP bearish on iron ore, coal tags as China growth slows
Nov 30, 2012 | 11:10 AM
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Tags
BHP Billiton,
iron ore,
metallurgical coal,
China,
Marius Kloppers
SHANGHAI — BHP Billiton Plc is bearish on iron ore and coal prices in the short and long term as a result of China’s moderating growth and the country’s transition to a more consumption-led economy.
China’s destocking and lower steel demand from Europe, India and the Middle East have led to sharp price drops for iron ore and metallurgical coal, the diversified miner said.....
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