BHP Group Ltd ADR

Those miners appear overpriced, but we see value emerging in base metals and coal.

However, we still expect long-term prices well below current rates and consensus.

4- and 5-star stocks are harder to come by in today's market, but a few stock-specific stories are still out there.

China's economic rebalancing means an overvalued basic materials sector, but consumption growth creates opportunities in areas such as telecom.

The market overestimates the sustainability of recent commodity rallies, leaving the basic materials sector severely overvalued.

Temporary tightness should abate as demand falters and supply surges.

The company will benefit as its expanded potash capacity is eventually filled.

Investors may not want to expect a lot from Mr. Market in the coming years.

A likely slowdown in Chinese real estate will mean weaker demand for commodities such as iron ore and copper, but a few firms with sustainable low-cost positions should weather the storm.

The Chinese fixed-asset problem plaguing iron ore and soon copper will not be solved by cutting interest rates.

BHP Billiton's diversified asset portfolio supports earnings through cyclical ups and downs in any one commodity line.

Sluggishness in the country's real estate sector doesn't bode well for the broader commodities market.

Low-cost resources will allow these basic materials names to maintain their profit margins despite a slowdown in China.

Improved demand should underpin stronger potash and PRB coal markets in 2014.

Lower commodity prices and a break-up of the European potash cartel have weighed on basic materials stocks year-to-date.

Preharvesting losses can help offset rebalancing pain, but the strategy won't benefit everyone.

The investment-led economic model has run so long in China that transitioning to a consumption model could be very risky to the current system, says Morningstar's Dan Rohr.

Interest in dividend-paying stocks and bonds remained high as the market eyed the Fed.

Emerging-markets consumer stocks are one of the few areas of long-term growth as the people are buying, eating, and drinking better, says Virtus Foreign Opportunities manager Rajiv Jain.

We're sticking with our price forecast of $375 per metric ton.