Resource stocks fall in commodities price gap

Commodity prices have dropped … but many miners have fallen much further.

Most commodity prices have fallen over the past 12 months, which is one reason why mining company share prices are also lower. But, if you’re looking for a direct connection, it’s not there because shares have fallen faster and further than their underlying commodity.

This disconnection is best shown through the 4% fall in the price of copper since June last year (from $US3.35 a pound to $US322/lb) and the 52% fall in the price of OZ Minerals over the same time ($8.49 to $4.08).

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