‘Winter’ approaches for base metals equities, warns Haywood report
Analyst expects the constellation of base metals companies under coverage’s second quarter results to fall below expectations when they start reporting results from month's-end.
Some of the country's largest mining companies are copper producers, which means any foreign investment involving those miners would face intense scrutiny.
Investors are moving into gold equities from bullion, and the gold price may increase while central banks increase purchases as the US election approaches, BMO analysts said.