'Sun Worldwide' – Still Acquiring Mining Stocks.

Jan. 8, 2009 - PRLog -- Sun Worldwide are reportedly showing no let up in their acquisition of stocks in well-funded mining concerns as both the US and Chinese governments reveal multi-billion dollar stimulus packages aimed at improving infrastructure.

A source close to Sun Worldwide cited recent announcements made by President-elect, Barack Obama and the Chinese government as evidence of the growing requirement for commodities like copper, aluminum and steel in the years ahead.

China is expected to reveal further plans for infrastructure spending in the face of its weakening export-led economy. This is largely seen as a means of keeping its massive labor force in work after the global economic slowdown caused mass redundancies in the manufacturing sector.

Sun Worldwide are thought to believe that mining stocks offer a leveraged play on the commodities supercycle and continue to recommend selected stocks to clients worldwide.

The Sun Worldwide source suggested that the ambitious plans would prove a drain on supply and force prices of the underlying commodities upwards whilst also increasing the price of stocks in well-capitalized mining companies.