Sector Overview - BHP and Rio Tinto might as well spin out iron ore to the Australians
Fears of winter Chinese pollution crackdowns are driving base metals ever upward. Aluminium, lead & zinc led the way with respective gains of one and a half cents per pound ($/lb.) to 96.5 cents/lb., four and a half cents/lb. to $1.19/lb. and two and a half cents/lb. to $1.51/lb.; nickel gained ten cents/lb. to $4.85/lb, while copper gained two cents/lb. to $2.93/lb.In stark contrast to base metals, iron ore remains subdued over fears that Chinese demand might have peaked in the short term. Shares in the usual suspects all slipped, with Fortescue Metals (FMG-ASX) down 1.9%, Rio Tinto (RIO) and BHP Billiton (BLT) off 1.5% and 0.4% respectively.
Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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