|Last Price$10.52||Day Change (%)-0.57%|
|Open Price$10.52||Day Change ($)-0.06|
|Day Range10.52–10.52||52-Week Range10.21–10.61|
As of Sat 02/24/2017 | USD
We don't see the recent share price declines for metals and mining producers as a buying opportunity on average.
The faltering Chinese real estate market is weighing on globally fungible commodities like iron ore, while improving developed-country construction markets aid regionally priced commodities like cement.
Chinese real estate, a big driver of demand for industrial commodities, is likely to weigh on the country's GDP growth in coming quarters.
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A lot of companies are very well positioned regardless of how the fiscal cliff gets resolved, as long as it gets resolved, says Morningstar's Heather Brilliant.