15.08.2013 - Is the rally in global miners too good to be true? |
Even as global resource stocks have had a stellar run-up in the recent weeks, driven by signs of stabilization in China's economy, cheap valuations and short covering, questions are building over the sustainability of this trend. Shares of large-cap mining companies such as Australia-listed BHP Billiton and Rio Tinto and U.K.-listed Vedanta have rallied between 11 percent and 14 percent since mid-July...............................................Full Article: Source |