Things are not looking good for the mining industry

mining industry

It is probably not news to most investors that the global mining industry is in trouble at this point. The Chinese, long one of the biggest buyers of mined commodities, are awash in steel, local debt, and ghost cities. With neither India nor Brazil ready yet to assume the mantle of emerging market growth engine, this leaves the mining industry up the proverbial creek without a paddle.

Adding to this dilemma, there is considerable and increasing pressure on the coal industry due to both decline in oil prices and concerns over the environment. Put these two trends together, and its little wonder that mining companies have been some of the worst performing stocks of late.

Unfortunately the outlook does not appear poised to improve anytime soon…
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