"BHP Billiton has lost 41% of its market capitalisation this year. Anglo American has shed over 66%"Seeing this morning's comments on the shocking performance of big mining stocks prompts me to stick this up:
|Reuters/Jefferies CRB Commodities Index Source: StockCharts.com|
That's the lowest for a very long while. Yes folks, it's not just oil, commodities are having a lean time of it. To be fair, BHP has other problems as well, it never rains but it pours etc.
They will be hoping CU's mission to China this week can stir up demand a bit ...