Iron ore may outperform copper on price-ratio analysis: Clyde Russell
Reuters: Launceston, Dec 04 2012, 11:33 IST
growth is being led by the state sector, with large enterprises undertaking infrastructure spending.
This is probably more supportive of iron ore, given that building infrastructure such as railways tends to be more steel-than copper-intensive.
In the present environment of a modest recovery in China, being led by state capital expenditure, it seems that iron ore is a better bet than copper.
(Clyde Russell is a Reuters market analyst. The views expressed are his own)
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