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How commodity game has changed

Posted on 24 October 2013

The latest production reports by mining giants BHP Billiton and Rio Tinto show just how much the commodity market has changed in the past year. BHP and Rio’s quarterly statements underline that mining is now a game of producing the highest volumes at the lowest costs, while at the same time scaling back on spending.
This seems like a logical response to concerns over slowing demand growth from top consumer China, whose appetite for commodities drove a decade-long boom in developing projects to boost supply. ……………………………………….Full Article: Source


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