GREY:MLKKF - Post by User
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24~Karaton Nov 30, 2006 8:59am
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Market Overview
Market Overview►Excerpted below are the market views from industry leader BHP Billiton.
… both BHP Billiton chairman, Don Argus and CEO, Chip Goodyear told the AGM yesterday that the company said the demand outlook for commodities was encouraging.
"We expect that natural and man-made events will continue to disrupt the supply side of the commodity chain. As well, regulatory approvals and rising capital costs are delaying project developments," said ChairmanArgus told the meeting.
"The likely outcome of these circumstances is an extended period of high cyclical prices for the commodities that BHP Billiton produces."
BHP Billiton has reiterated that while it expects global rates of growth to slow, its global economic outlook is positive and commodity prices would remain high.
Mr Argus said growth in north-east Asia would be a big driver of the global economy.
"While rates of growth around the world are likely to slow from the very strong levels we've seen, we still view the global economic outlook as positive," Mr Argus said.
https://www.acnnewswire.net/press/en/34232/Australasian-Investment-Review.html