LONDON (Reuters) – Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed.
A decade-long commodity boom coincided with years of economic growth when China took off, but when the global economy slowed, so did the market for commodities from oil to copper.
Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally. The mining sector .FTNMX1770 led the FTSE higher in 2016 as it rebounded from the previous year’s deep price crash, but it is still well below levels seen in 2011. Continue Reading →