Over the last year, the mining industry and some of the biggest global miners have benefited greatly from the rapid growth in value of metals they extract. Futures of various metals have surged, with platinum futures gaining 32% in the past 12-month period, silver futures adding 51% and copper futures gaining 62%.
Citigroup analyst Ephrem Ravi forecasts that the sector is bound to improve even further with the dollar’s decline. A weak dollar environment boosts the purchasing power of crucial commodity-consuming markets, such as China, while a lower dollar also allows global monetary conditions…
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