I think you just nailed it. RIO costs are hammered down through automation and scale. 2016 should be interesting.
Would it be fair to say that RIo's strategy of high iron ore production is to drive smaller producers (i.e their competitors out of business) because the smaller producers have higher costs hence breaking their smaller competitors and benefiting when the smaller ones are out of business or is there any other possible reason?
23 Mar '15
Good upside today. Sold a 2848 position for 2950. Happy with that. Good luck for all holding for Chinese data tomorrow. Reentry lower 2800s. GLA DYOR
16 Mar '15
Hi... to save me some time.. do you know when the interest rate announcement in the US is due?
13 Mar '15
RIO v BHP
RIO is favoured over BHP business model due to risk exposure of BHP's petroleum & potash business's. http://www.bidnessetc.com/35568-heres-why-investors-favor-rio-tinto-plc-adr-over-bhp-billiton-limited-adr/ Still if you are investing, you can do better by waiting until we hear about when interest rates are to rise in US... ATB... Holder of both RIO & BHP.
11 Mar '15
RE: another leg down
In theory commodities will be hit on Thursday as currencies weaken against the USD. Should put more pressure on miners I am afraid.
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