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Miners getting hammered as Credit Suisse downgrades sector

Posted on 23 September 2015

Mining stocks were getting routed on Tuesday, with a key commodities index dropping to its lowest level in about a month. A rout in the mining sector comes as Credit Suisse downgraded the sector and cut its commodity-price forecasts on the back of growing concerns over a demand slowdown from China.
The Bloomberg Commodity Index BCOM, -0.07% was trading at 87.33, its lowest level since late August and the index has lost more than 16% year to date. Shares of mining companies, specifically metals, have also seen hefty year-to-date declines………………………………………..Full Article: Source


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