3 Companies Likely Hurt by Chinese Data
Jun 15th 2013 6:30PM
Updated Jun 16th 2013 9:00AM
The news from China last week shows that while the economy is growing, there are some growth factors that could have far-reaching impacts. With GDP growth currently above government targets, further infrastructure spending is unlikely. This will affect Alcoa , which is already suffering from low aluminum prices, and Freeport-McMoRan , which recently learned that its Grasberg mine will be temporarily halted. Finally, as Chinese policy regarding rare earths could change as a result of these data, Molycorp may be affected as well.
In the following video, Fool.com contributor Doug Ehrman discusses the data and the impact it could have on each of these companies.
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The article 3 Companies Likely Hurt by Chinese Data originally appeared on Fool.com.Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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