Industrial metals and minerals lie at the heart of the global
construction and manufacturing industries. For that reason alone, it's
always going to be a cyclical industry -- investment jargon for an
industry whose prospects are tied to economic growth. The key question
investors need to think about now, with regard the current cycle, is:
Where is China's demand for industrial metals and minerals heading? Will
it be sufficient to create marginal demand to take industrial metals
and minerals prices higher?
If you're an investor in one of the large diversified miners, such as Vale (NYSE: VALE ) , Rio Tinto (NYSE: RIO ) , or BHP Billiton (NYSE: BHP ) , or metals producers such as Alcoa (NYSE: AA ) (aluminum) or Nucor (NYSE: NUE ) (steel), then the question will be of crucial importance. I'll return to it later, but first, a closer look at the industry.
If you're an investor in one of the large diversified miners, such as Vale (NYSE: VALE ) , Rio Tinto (NYSE: RIO ) , or BHP Billiton (NYSE: BHP ) , or metals producers such as Alcoa (NYSE: AA ) (aluminum) or Nucor (NYSE: NUE ) (steel), then the question will be of crucial importance. I'll return to it later, but first, a closer look at the industry.
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