Global miners may lead to "price surges"

According to recent news from Beijing, South African gold miners plan to launch issues concerning pay and raw material production interruptions. These miners are mines owned by mining giants such as BHP Billiton (BHP), XTRA, and Anglo American (AAL). Work in the field. At present, mining company workers worldwide are engaged in activities that bring about the risk of rising commodity prices.

The National Union of Mineworkers said that after the breakdown of the pay negotiations, more than 200,000 gold miners will join the coal mining and diamond mining workers. BHP Billiton's Escondida copper miners in Chile's activities have entered the fifth day, and part of the company's Australian steelmaking coal mine operations will resume tomorrow.

Miners are seeking to share a higher proportion of revenues in the company's earnings, driven by factors such as demand in the Chinese market, and mining companies such as BHP Billiton and Xstrata are expected to hit record highs. In yesterday's trading on the New York Mercantile Exchange (NYEXEX) Subordinate Commodity Exchange (COMEX), the price of gold prices hit a record high in history, due to the stalemate between the U.S. government and Congress over negotiations to increase the debt ceiling. This prompted investors to increase their bets on commodity prices.

In a telephone interview today, John Meyer, an analyst at London-based investment firm FairfaxIS, said: “It's easy for workers to see the company’s profit growth, especially during this financial reporting season. We’re going to see very strong The performance figures of the miners are striving for higher income, they are all physically strong guys, and they tend to become more fighting. They know they are the key to the production of the mine."

Bloomberg News survey shows that analysts expect BHP Billiton’s financial report to be released next month to show that the company’s fiscal year 2011 net profit was $22.5 billion, which is almost equivalent to double the net profit of fiscal year 2010, setting a record high. The forecast also shows that Xstrata’s 2011 net profit is expected to reach US$7.3 billion, which is also the highest level in history; Anglo American’s 2011 net profit is expected to be US$7.4 billion.

In the past 12 months, copper prices have risen by about one-third, because investors worry that other miners in Chile may also join the ranks of Escondida copper miners. In today's trading on the New York Mercantile Exchange, as of 9:52 (LMT 17:52) London time, the price of copper for delivery in September (66680, -30.00, -0.04%) rose 1.2% to 4.448 US dollars per pound. (About $9828 per ton). In the London market, spot gold prices remained near historical highs of $1111.80 per ounce.