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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (42430)	1/24/2007 10:13:42 AM
From: Stephen O	Read Replies (1) \| Respond to of 60906

Credit Suisse Raises Mining Rating on Chinese Industrial Growth 2007-01-24 03:43 (New York) By Alaric Nightingale Jan. 24 (Bloomberg) -- Credit Suisse Group, Switzerland's second-largest bank, increased its rating of the mining industry because China will spend more to bolster industrial production. The bank lifted its recommendation of mining stocks to 40 percent overweight from 30 percent, analysts led by London-based Andrew Garthwaite said in a note yesterday. Shares of mining companies ``look cheap,'' Credit Suisse said. ``Non-tech'' industrial production in China, the world's biggest user of metals such as copper and zinc, will ``trough'' in the second quarter, it said. China's economy will grow at 10 percent or more this year, Credit Suisse added. The world's fastest-growing economy helped push prices for copper, aluminum and zinc to records last year. BHP Billiton Ltd., Anglo American Plc and Rio Tinto Group, the world's three largest mining companies by sales, are rated ``outperform'' by Credit Suisse. --Editor: Casey