Steel-Making Materials, Iron Ore And Coal, Could Be Virus Winners [Forbes]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Forbes
Picking commodity winners at this stage of what could become a global economic slowdown courtesy of the China coronavirus is risky business but two steel-making minerals are starting to attract support; iron ore and coking coal. The theory supporting the investment case for iron ore and coking coal is that China is likely to resort to a fresh round of economic stimulus to try and overcome the effects of a countrywide slowdown that last week led to an all-time low in the important manufacturing purchasing managers’ index. Steel is always a winner when the Chinese Government hits the jump-start button which invariably includes a fresh round of big-ticket infrastructure projects such as railways and bridges. Copper And Aluminum Hit Hardest Other minerals and metals, especially copper and aluminum, might not be so lucky because of close ties to motor vehicles and consumer goods, sales of which have crashed in China as households freeze spending at a time when many factories have been forc
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