Original article by Barry FitzGerald
The Australian – Page: 31 : 17-Mar-16
Commodity prices and the share prices of mining companies have retreated after a brief rally in mid-March 2016, with the iron ore price shedding 18 per cent in seven trading days. However, Ricardo Aceves of FocusEconomics says analysts are generally upbeat about the outlook for commodity prices, with overall growth of 4.4 per cent by the December quarter. The consensus forecast is for crude oil to be 18 per cent higher by the fourth quarter, while the nickel price is expected to rebound by 12 per cent.
CORPORATES
FOCUSECONOMICS, BHP BILLITON LIMITED – ASX BHP, PENGANA CAPITAL LIMITED, PENGANA GLOBAL RESOURCES FUND