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Jefferies tips near-term pullback in mining shares

The potential of a US recession in 2023 presents the near-term threat of a pullback in mining shares from their recent strength, while the longer-term outlook is “very positive”, financial services company Jefferies said.

Jefferies tips near-term pullback in mining shares Jefferies tips near-term pullback in mining shares Jefferies tips near-term pullback in mining shares Jefferies tips near-term pullback in mining shares Jefferies tips near-term pullback in mining shares

Jefferies flagged copper miners as best for the long run.

"From a tactical perspective, taking profits in the sector may be reasonable for some investors as these shares may have hit the top of their near-term trading range for now," the investment banking