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bhp positive outlook...

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    Source: www.skynews.com.au/business

    BHP positive outlook

    Business Week In Review

    There was predictions from the world's largest miner this week, that high commodity prices are here to stay.

    At its annual general meeting in London, BHP Billiton said the demand for resources is set to grow, with north-east Asia to continue to be a major driver of the global economy.

    It says energy consumption in India and China is set to skyrocket as development speeds up, providing an opportunity for Australia, and BHP, to supply them with uranium.

    But the positive news was not with out warnings, BHP saying escalating geopolitical tensions, supply disruptions and high energy prices are adding increased uncertainty in markets.
 
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