BHP bearish on iron ore, coal tags as China growth slows
Nov 30, 2012 | 11:10 AM
SHANGHAI BHP Billiton Plc is bearish on iron ore and coal prices in the short and long term as a result of Chinas moderating growth and the countrys transition to a more consumption-led economy.
Chinas 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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