BHP to Focus on Volume, Not Price

By International Business Times,  October 25, 2012, 07:53:59 PM EDT

Mining giant BHP Billiton ( BHP ) warned on Thursday that the mining industry faces short-term instability over eurozone instability and concerns on China's growth. To address this situation, he said the company will instead focus on volume instead of price.

"We do not anticipate a repeat of the record prices experienced over the past decade. This shortage of low-cost supply us now well advanced towards being filled and we are now witnessing a rebalancing of demand and low-cost supply," English Capital quoted BHP Chief Executive Marius Kloppers in his address to shareholders are BHP's yearly general meeting in London.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: BHP



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