medium term, the bear market in mining has discouraged and delayed investments in new mines. The demand for base metals has marched higher and should continue as the developing world needs to build infrastructure.
That should lead to a crossroads where base metal supplies are short of demand and eventually mining stocks will come back. As 2018 came to an end, most mining stocks sold off as tax loss selling and disgust combined to create more grief in the sector.
China is the biggest consumer of copper and other base metals so until their economy improves, mining stocks will struggle.
Investors have been expecting a recession for several years. I think the US economy still has legs and the bull market will resume before we have a serious recession.
Good luck. Do you have some favorite mining stocks?
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
