Metals & mining (diversified) industry

Article Abstract:

Continued economic recovery in Asia and consumption has improved earnings prospects for the aluminum industry in the 4th qtr of 1999 and early in the year 2000. The same factors have also made prospects for the copper industry improve, but some difficult conditions must still be dealt with. Valuations for the aluminum stocks are high in the year 2000, and copper stocks offer good returns for the speculative investor over the next three to five years.

Mining industry, Aluminum Company of America, Broken Hill Proprietary Company Ltd.

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Metals & mining (diversified) industry

Article Abstract:

Production of aluminum has outpaced demand in the 1990s, and there has been a corresponding decrease in prices, but long-term demand should increase in the future. Financial conditions in the copper industry are more harsh with copper prices at their lowest since the late 1980s, and these stocks are not timely in 1999. Conservative investors should avoid the aluminum industry due to economic uncertainty, and copper stocks are best avoided until the industry recovers, although the industry shows potential through the years 2002-2004.

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Metals & mining (diversified) industry

Article Abstract:

Weak commodity prices in the 1990s has lead to increased consolidation and restructuring in the international aluminum industry, much of which will be scrutinized by various regulatory agencies. Prices for the copper industry seem to have bottomed out in 1999, and there is increased merger activity in this industry, as well. These stocks are not good prospects for investors in 1999 in spite of increased prices and earnings.

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