The Chinese fixed-asset problem plaguing iron ore and soon copper will not be solved by cutting interest rates.
Its position in the Powder River Basin gives the firm a narrow moat.
Morningstar's Matt Coffina looks back on some recent missed opportunities and what he learned from them--also, a couple of stocks he's glad he avoided.
Chinese real estate, a big driver of demand for industrial commodities, is likely to weigh on the country's GDP growth in coming quarters.
We think Cloud Peak is the best way to play a rebound in PRB coal prices.
We don't see the recent share price declines for metals and mining producers as a buying opportunity on average.
As credit spreads have tightened on a nearly continuous trend over the past year, they are becoming richly valued relative to their historical average.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
Basic materials companies are in a period of very mixed near-term outlook in terms of end-market demand.
Lower commodity prices and a break-up of the European potash cartel have weighed on basic materials stocks year-to-date.