The World of Commodities: Who Owns Whom? (1)
Abstract:
A round of mammoth mergers in the world’s metal markets is currently underway. There are two reasons why this is an important subject for those who are interested in construction: (1) a smaller number of resource owners will upwardly bias commodity prices even further than is presently the case; and (2) investment decisions with respect to future resource projects depend on which companies really own what properties − which comes down to the question, who owns whom?
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A round of mammoth mergers in the world’s metal markets is currently underway. There are two reasons why this is an important subject for those who are interested in construction: (1) a smaller number of resource owners will upwardly bias commodity prices even further than is presently the case; and (2) investment decisions with respect to future resource projects depend on which companies really own what properties − which comes down to the question, who owns whom?