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Heavy Toolbelt

Commodities which ‘hurt when dropped on your foot’ are leveraged to emerging market industrialisation with China remaining the alpha dog.  These commodities can be divided into ‘bulk commodities’ and ‘industrial metals’.  The chief bulk commodities are iron ore and coal (met and thermal), but many others exist too.  The king of industrial metals is copper.  Size matter’s in the industry:

Coal:

China and emerging markets:

Often the best commentary and education for investors comes from listening to the individual company conference calls and presentations.  Be aware, however, management teams typically see the world through rose colored lenses.