Miners applying belt-tightening: analyst

Apr 09, 2014 | 03:50 PM | Andrea Hotter

Tags  copper, copper mining, Michael Widmer, Bank of America Merrill Lynch, CRU Group, BHP Billiton, Rio Tinto, Anglo American Andrea Hotter

SANTIAGO, Chile — Mining companies are tightening their belts and exercising supply discipline as they turn their attention to being more frugal, an analyst at Bank of America Merrill Lynch said.

The change in behavior was sparked by a realization that China was "no longer the key driver" in the commodities boom, as well as the economic downturn, Michael Widmer said. ....

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