BASE METALS

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 flagged copper miners as best for the long run.

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 company...

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