Markets: Hanging on to Rio's compass

As the market homes in on BHP Billiton and Rio Tinto’s views on the commodities market's future, valuation targets for the mining behemoths are looking up.

Resources have been out of favour with the market for much of the past 12 months. Their contribution to the market cap of the ASX 200 has been whittled down to around 20 per cent, from as high as 30 per cent a year and a half ago.


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