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But in terms of individual businesses the biggest losers have been mining companies, which have been decimated by collapses in the prices of metals and coal.
Bernstein remained positive on the stock despite admitting the results were disappointing: Glencore reported its first quarter 2015 production results this morning, which were quite disappointing overall with performance in both base metals and coal behind our initial expectations.
But it now wants to spin off its metals and coal businesses, largely reversing a merger that created the firm in 2001 (though it shelved the sale of part of the metals business this week, after failing to get a good price for it).The trend for spin-offs may have further to go.
It is a country rich with natural resources, producing metals and coal.
In 1992 established a precursor to Evraz Holding; made a fortune exporting metals and coal from the Urals and Siberia.
In 1992 established a precursor to EvrazHolding; made a fortune exporting metals and coal from the Urals and Siberia.
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There is trade in foodstuffs, metal, and coal.
The company expects sales of mining equipment to slip in 2013 as falling metal and coal prices force companies to pull back on production.
At a certain stage of development, as with, say, Japan in the 1950s and 1960s, demand for metal and coal becomes intense as rail networks are built and demand for cars, fridges and other materials-heavy goods soars.
Sun Shoukuan is the chairman of Jiachen Group, a privately-owned metal and coal chemical group in northeastern China.
Acid mine drainage (AMD) is the major effluent generated from metal and coal mines, and contains a variety of dissolved metals and sulfate.
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