Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Reuters reported that copper surged almost 2% bolstered by a weaker dollar, the better political situation in Italy and a pickup in Chinese bank lending. Benchmark copper on the London Metal Exchange (LME) closed at $7,639 a tonne, about 2 percent up from a last bid at $7,475 on Thursday and the first move up this week.
