Feb 11, 2012

Mining & Resources Sector Becoming Less Competitive

An already oligopolistic and highly concentrated industry (mining/resources) will become even less competitive with the Glencore-Xstrata deal. - in Roubini`s Official Twitter

Related, Freeport-McMoRan Copper & Gold Inc. (FCX), Vale ADR (VALE), Rio Tinto plc ADR (RIO)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.