Monday, October 20, 2008

No Worries?

Both firms point out that some metals, such as copper, are still in short supply, and that the credit crunch will only make it harder to finance new mines. By delaying expansions and squeezing marginal producers, it might actually sow the seeds for a recovery in metals prices sooner than most analysts expect. At any rate, BHP is still keen to buy Rio Tinto—an indication, presumably, that it still thinks raw materials is a good business to be in.
The impact of the financial crisis on some of the most basic industries


Ачболд said...

I secretly hoped that the financial crisis would wipe out all the mining companies who were thinking of investing in Mongolia. Then our democracy would have a better chance of survival. I guess it's not going to happen.