Is the Metals and Mining Rally Showing Signs of Rust?
Weak demand and oversupply of industrial metals will likely hamper the sector.
Metals and mining stocks have been on a tear.
The MSCI World Metals and Mining Index surged more than 56% last year; the index is up 8.7% this year as of this writing. A yearlong rise in commodity prices amid robust Chinese demand gets the credit.
Manuela Badawy does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.