BHP Billiton China Inflation
BHP Billiton (NYSE: BHP) had its stock price plunge as concerns over the effects of China tightening its money supply has put downward pressure on commodities because of uncertainty of demand.
Reports show China has inflation challenges, and the normal way to deal with that is to take measures to tighten your money supply, which will cut back on spending and demand for raw materials.
Being the largest mining company in the world, BHP Billiton plunged by over 2 percent as a number of precious metals fell in price on the China inflation news.
BHP Billiton China Inflation
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