06.09.2012 - Commodity traders eye distressed assets
The slump in metals prices could turn out to be a blessing in disguise for some of the world's largest commodities houses. The trader-cum-producers are vulture buyers that use periods of stress to snap up assets on the cheap. True: low commodities prices will hurt them in the short term. First, their profitability of production assets declines; second, weaker prices reduce the profits of trading. Yet, a weak market does provide a hidden opportunity.............................................Full Article: Source
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