We consider the possibility that the Mining sector may have reached the low point of the current cycle. The finnCap 40 Mining Index has now been running since March 2014. Since our previous quarterly it has begun to show signs of recovery, with strong price appreciation since the start of 2016. The index low was reached on 20 January; since then it has risen by nearly 37%. It is far too soon to call a definite bottom in this cycle, but nevertheless this is encouraging.
21 Mar 2016
Tailings: finnCap Mining sector quarterly report (Issue 2)
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Tailings: finnCap Mining sector quarterly report (Issue 2)
Armadale Capital Plc (ACP:LON), 0 | Gemfields Group Limited (GEM:LON), 11.8 | LS WTI Oil ETC (WTI:LON), 0
- Published:
21 Mar 2016 -
Author:
Cavendish Research -
Pages:
20
We consider the possibility that the Mining sector may have reached the low point of the current cycle. The finnCap 40 Mining Index has now been running since March 2014. Since our previous quarterly it has begun to show signs of recovery, with strong price appreciation since the start of 2016. The index low was reached on 20 January; since then it has risen by nearly 37%. It is far too soon to call a definite bottom in this cycle, but nevertheless this is encouraging.