Summary
DESPITE the strong rise in commodity prices since March, we are maintaining our bullish stance on mining fundamentals.
Clearer signs of demand growth especially from emerging economies, slow restart of idle capacity, persisting long-term supply constraints and high barriers to entry should continue to underpin prices in our view. With a relatively high cost base compared with some other diversified miners, Xstrata offers a higher operational leverage to rising commodities.See the full content of this document
Extract
Mining Prices Hold Up Well for Xstrata ; Share Watch
The company also benefits from a very good competitive position in coal and copper in particular, with an attract...
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