| Global miner stocks and sector-related exchange traded funds have suffered a huge blow and could continue to struggle on a weak commodities outlook. The SPDR Metals & Mining ETF has declined 14.9% year-to-date and plunged 34.2% over the past year. Meanwhile, the iShares MSCI Global Metals & Mining Producers ETF dipped 2.8% so far this year and fell 20.6% over the past year.
The world’s largest miners have lost $156 billion in market value last year and may experience a hard uphill battle ahead as a downturn in resource prices and lower demand out of China keep pressure on commodities, reports Nyshka Chandran for CNBC...............................................Full Article: Source
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