21.12.2009 - UBS positive on resources outlook
From Ninemsn.com.au: As coordinated global fiscal stimulus programs helped stabilise global economic growth in 2009, there was a recovery in market values and in investor risk appetite, an outcome UBS notes was instrumental in providing support to commodity prices after the global financial crisis-driven weakness of 2008. The price changes were of different magnitude among the different commodities however, UBS noting base metal prices generally recovered to close to pre-correction levels with copper, aluminium and zinc particularly strong, while coal and iron ore prices were weaker in Japanese financial year 2009 than was the case in 2008 given the contract system and the timing of agreements......................................Full Article: Source
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