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.
The market was meant to be in surplus but somehow investors were in the midst of a buying frenzy that flew in the face of fundamentals.
Big banks such as JPMorgan were known to be shorting the market – and suffering – as the price just kept rising and rising.
