It’s not all a bad news
According to Macquarie, it’s not logical to tar the entire mining sector with the same brush. “We consider base metals the best of a bad bunch... while for bulk commodities [coal, iron ore] the need to cut immediate supply persists,” it said.
“Precious metals are struggling to recapture investor interest though prices have better upside than downside potential,” it said. Look no further than the JSE, where the gold index is 33% higher at the time of writing. According