The depressed and volatile price of oil may not be good for businesses in the oil sector, but it is good for miners, that’s according to a new report from Credit Suisse due to a strong positive correlation between industrial commodity prices, note the analysts.
Credit Suisse’s latest Global Equity Strategy report, put together by the bank’s global equity research team notes that of all sectors, the mining sector is best positioned for a near-term rebound thanks to attractive valuations, economic growth in emerging markets and growing margins thanks to a low oil price.
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Miners Set To Benefit amid positive correlation between industrial commodity prices
According to Credit Suisse’s analysis, Around 20% to 30% of mining costs are energy related...
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