A Commodities Rebound Is Accelerating at China’s Doorstop
- Growth in Southeast Asia and India to add to demand: BHP CEO
- Time to accumulate best mining companies, Morgan Stanley’s Lim
This article is for subscribers only.
China may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building -- emerging economies in Southeast Asia.
Combined gross domestic product in the ASEAN-5 nations -- Indonesia, Thailand, Malaysia, the Philippines and Vietnam -- will rise about a third to $3 trillion in the five years to 2020, fueling commodities-intensive infrastructure projects. Momentum like this across Asia will help maintain and increase commodity demand, BHP Billiton Ltd.’s Chief Executive Officer Andrew Mackenzie said this week.