BHP Billiton (BHP) -2.2% premarket after Citigroup downgraded the miner to Neutral from Buy,...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

BHP Billiton (BHP) -2.2% premarket after Citigroup downgraded the miner to Neutral from Buy, saying positive catalysts such as capital expenditure cuts and cost reductions are now priced in (H1 earnings). Other mining firms also look to open lower, as most metals prices head south: RIO -2.3%, VALE -1.4% premarket.