Sustained high hydrocarbon prices have opened up opportunities for oil and gas development and fuelled a strong appetite for oil and gas stocks.
Rising commodity prices and global economic growth driven by industrialisation in emerging markets, especially China, has led to a strong appetite for mining stocks. Even the sharp downturn in prices and demand triggered by the global financial crisis of 2008-09 seems to have interrupted this trend only temporarily.
According to a new report from PwC, Mine: The growing disconnect, the world's 40 largest miners by market capitalisation, the Top 40, posted record revenue and profits while investor confidence decreased.
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