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TMCNet:  BHP Billiton And Rio Tinto Get Threats Of Titanium Mill Strikes In South Africa (BHP,RTP,EXXAY)

[August 23, 2010]

BHP Billiton And Rio Tinto Get Threats Of Titanium Mill Strikes In South Africa (BHP,RTP,EXXAY)

Aug 23, 2010 (SmarTrend News Watch via COMTEX) -- 8/23/2010-There have been reported threats of strikes at titanium mills belonging to BHP Billiton (NYSE:BHP), Rio Tinto (NYSE:RTP) and Exxaro (PINK:EXXAY) in South Africa, which may influence the price of titanium if they take place South Africa is responsible for approximately one-fifth of the world's titanium supply.

Work has already been halted at Exxaro's site, however the company doesn't see supply disruption happening at this stage.

Shares of BHP Billiton are trading flat while Rio Tinto is trading 0.4% higher despite the threats.

SmarTrend alerted subscribers to take profits in BHP Billiton on August 17, 2010 at $70.38, since then the stock fell 4.1%. We are now watching for any positive developments that could result in a new uptrend signal.

SmarTrend currently has Rio Tinto in a Downtrend. Since 2008, SmarTrend subscribers trading Rio Tinto using our alerts outperformed the stock by 144%. We are monitoring these developments and will alert subscribers to any change in trend.

Write to Chip Brian at cbrian@tradethetrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup

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