Xstrata: spot the buyer

This could be a good moment for Xstrata to sell out – if it can. The London-listed miner has acquired and managed its way into the industry’s top league. But the recent share price performance suggests that the best may be past. Between 2002 and 2006, Xstrata rose by 557%, well ahead of the 170% average of BHP Billiton, Rio Tinto and Anglo American. In the last year, though, Xstrata has trailed the pack – up 56% against the competitors’ average of 74%. The more average performance isn’t surpris...