Edward Chancellor: The Mining Sector Is Eating Itself Alive

The mining sector is going to destroy itself; that’s the view of Edward Chancellor an award-winning financial journalist, who has written for the Financial Times, Wall Street Journal and is a former member of the asset allocation team at GMO.

The July 28 issue of Goldman Sachs’ Fortnightly Thoughts magazine contains an interview with Edward, which was first published in February this year. In the interview, Edward discusses the factors that drive a boom-bust cycle in an industry, and why the mining sector is digging itself into a hole, it may never be able to escape.

These are the highlights of the interview.

Edward Chancellor: The mining sector is eating itself alive

There have been many instances in the past where market booms...