knife catcher schreef op 22 december 2015 15:58:
ArcelorMittal (MT) and other mining stocks are getting an early boost after China pledged to reduce industrial overcapacity.
Communist Party leaders said in a statement China will "resolve excess capacity," a reference to industries including steel, cement, glass and solar panels in which supply exceeds demand.
That glut has led to price-cutting wars that threaten the financial health of companies.
ArceloMittal was last up more than 3%
kc