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BHP warns on commodities

Posted on 25 September 2013

BHP Billiton Ltd has warned of short-term downward pressure on commodity prices, but expects more balanced global growth over the longer term. In the group’s annual review, BHP chairman Jac Nasser noted increased supply has exerted downward pressure on many commodity markets and said the miner expects that trend to continue over the short term.
“While lower rates of investment across the industry will ultimately lead to more balanced markets, all resources companies will need to improve productivity and be flexible enough to adapt to change in this more challenging environment.”……………………………………….Full Article: Source


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