Top 100 global mining stocks - two tier market developing?
Mining stocks have been battered for a fortnight, but Chinese mining stocks have powered on and up, and now comprise nearly a quarter of the world's top 100 miners, by value.
Author: Barry Sergeant
Posted: Friday , 19 Jun 2009
JOHANNESBURG -
Since 3 June 2009, intra-day aberrations aside, overall prices for global mining stocks have sustained an overall downward battering, but in the detail, Chinese miners have continued to power upwards. Dollar metal prices have been having a tough time of it over the past fortnight, indicating that it could be that different sets of sentiment, and perhaps even fundamentals, apply to economic enterprises in China, the epicenter of global economic growth, and the rest of the world.
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