20.07.2015 - Commodities firms facing tough times in fundraising amid oversupply and weak demand
China still has great demand for energy and metals to feed its urbanising and industrialising economy, but it is facing challenges in raising funds for new mining projects, with the commodities and energy sectors lingering at the bottom of a down-cycle. Its demand for products from the core industrial polluters - power, steel and cement - also comes as President Xi Jinping is making ambitious pledges to cut carbon emissions and as influential international investment funds have led a backlash against carbon-intensive mineral projects - particularly coal - divesting holdings and cutting billions of dollars from available funding that China needs. Amid oversupply in most commodities, depressed prices have translated into poor profits or losses for energy and metals producers across the whole supply chain, causing investors to shy away from their shares...............................................Full Article: Source
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