It’s not all a bad news

Finweek English Edition - - COVER -

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

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