atans1

Noble’s into base metals with a Latin beat

In Commodities, Energy, Logistics on 30/08/2012 at 6:41 am

The search for base metals will likely focus on major producing regions such as South America … It is also one of the few merchants still doing business in Venezuela, where the aluminum industry is in crisis.

Noble already has an array of iron ore and coal offtake deals and strength in alumina and aluminum through tolling deals. Last December, it signed a pact to supply a smelter in Azerbijan with alumina in return for aluminum output.

http://www.reuters.com/article/2012/08/26/noble-basemetals-expansion-idUSL2E8JHMDE20120826

Stock could fly again but its up against shume big mean boys. And is the founder still active in mgt? And if so gd or bad for co?

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  1. Professor M Pettis (Beijing U)warned

    Notice already what is happening in commodity-exporting countries like Indonesia.  According to an article in Thursday’s Wall Street Journal:

    Indonesia’s trade deficit hit an all-time high in June as exports from Southeast Asia’s largest economy fell sharply, a sign that weaker demand from China and the West is affecting some of the few countries still growing at a considerable clip.

    A third straight month of trade deficits in one of the world’s biggest commodity producers bodes ill for Indonesia, which had become a darling of foreign investors looking for fresh opportunities, but has struggled to contain the damage from a sharp fall in its currency in recent months that has rattled investors.

    http://www.mpettis.com/2012/08/27/how-do-we-measure-debt/#comments

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