The mining and metals market continues to change, reflecting the same sort of expanding demand (coupled with less robust supply increases) hitting the world of crude oil pricing.
Late last week, for instance, BHP Billiton
The prices agreed to by BHP and Rio Tinto reflect rapidly increasing demand for steel, along with slower increases in ore production. They also exceed the level agreed to by Brazil's Vale
Vale is in the midst of a road show that it hopes will yield about $15 billion.The offering is intended to strengthen the company's balance sheet, possibly in preparation for a major acquisition. Copper, molybdenum, and gold producer Freeport-McMoRan
So stay tuned, Fools. The mining sector is hardly lacking in acquisition-related intrigue. At the same time, basic supply/demand considerations should ensure a spot for the major mining players on Foolish investment watch lists.
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