BOND.AZ - Barclays analysis reveals that iron ore and copper mining stocks are pricing in commodity values below current spot prices, according to a report released on Tuesday.
Iron ore equities BHP, Rio Tinto, and Vale are pricing iron ore at $98 per ton, compared to the spot price of $109 per ton.
Among copper equities, Antofagasta remains the most expensive, pricing at $16,890 per ton, a 26% premium to spot.
Anglo American prices at $16,048 per ton (20% premium), Freeport-McMoRan at $12,918 per ton (4% discount).
Boliden is the cheapest at $5,296 per ton (65% discount).
In precious metals, Hochschild Mining and Endeavour Mining price gold below spot at $2,981/oz and $3,850/oz respectively.
For aluminum, Norsk Hydro prices 12% below spot, while South32 prices 1% above spot.
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