This quarterly review provides an update on the sector and country contributions as well as the outlook for the Global Resources strategy. Learn more.

Key Highlights 

  • Global resources equities were mixed in the September quarter. Industrial metals continued to benefit from robust demand following Chinese stimulus earlier in the year. Coking coal performed strongly due to Chinese government enforced supply restraint. Energy companies lagged their mining peers as oil prices declined.
  • The First State Global Resources Fund increased in value during the September quarter, driven primarily by our exposure to large diversified metals and mining producers, which benefited from rising coal, zinc and nickel prices.


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