Investors should watch miners’ 2016 results carefully to see whether firms take the bait of higher prices and let capital expenditures drift up again. Mining executives are a sober lot these days. “Capital discipline” has replaced “commodity supercycle” as the industry catchphrase.
Things are looking somewhat brighter recently, however. Chinese metals demand has staged a limited, but real, rebound, and U.S. President-elect Donald Trump is touting an infrastructure-investment plan.......................................Full Article: Source
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