M&A mania smelts the iron ore industry
Posted in: General
Originally published at Stockhouse.com.
Over the past 10 years iron ore has had a run even gold can't touch
Last Thursday, Swiss miner Xstrata and commodities trader Glencore announced a potential blockbuster merger that would shake up a few of mining's biggest industries.
According to Reuters, the deal is set to total $80 billion. And the newly combined firms “would rank as the world's largest thermal coal exporter, the largest zinc producer and third-largest copper miner…”
Many analysts are already predicting a jump in the price of coal, copper and zinc in the coming weeks.
But the all-share merger would also disrupt another big mining industry… iron ore. And investors will want to pay close attention.
Continue reading this article here.
Originally posted here.
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