BHP Billiton eyes copper growth

Iron ore prices are down 48% year to date and BHP is looking towards copper to offset a dimming outlook for iron ore prices.  Global miners such as Rio Tinto, and Vale have focused on iron ore for the majority of their profits. BHP always promoted their diversified portfolio but still recorded 52% of their operational profits from iron ore in 2014.

BHP Billiton Chief Financial Officer Peter Beaven recently stated, “Emerging economies are transitioning to consumption-led growth and that’s not a problem for copper because copper is used in the build part of growth as well as in the consumption part.”

Read the Full Article >> BHP eyes copper growth to offset dimming iron ore outlook

‘Met Coal’ Could Be Reaching a Cyclical Low

A particular type of coal – called metallurgical coal or coking coal – is used in the process of manufacturing of steel. After reaching a six-year low in its price and recent industry cutbacks to production, metallurgical coal is showing classic signs of a resource that is ready for a cyclical uptrend.

Steve Yuzpe, CEO of Sprott Resource Corp., specializes in finding long-term value plays in the private equity sector. He says metallurgical coal is an out-of-favor sector, and by his estimation, it is cheap and the price is probably due to improve.

Read the full article at Sprott’s Thoughts – ‘Met Coal’ Could Be Reaching a Cyclical Low