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01:27 Dec 19, 2005
English to Chinese translations [PRO] Tech/Engineering - Investment / Securities / investing
English term or phrase:bring new mines and refineries on line
Natural-resource mutual funds rose 45 percent this year; the CRB Index of commodities jumped 15.5 percent. It takes years to bring new mines and refineries on line, so this looks like a long-term investment theme. Commodities shine in years when the stock market lags, says Barry Bannister, an analyst for the brokerage firm Stifel Nicolaus (formerly Legg Mason). In the past, rising cycles lasted an average of 18 years.