Currently viewing Global edition

Banks say bulks are back

The bulks are back, for now. That’s how financial markets are treating the return of iron ore and coal as preferred commodity investments which have rekindled interest in mining companies consigned last year to the sin bin.

Banks say bulks are back Banks say bulks are back Banks say bulks are back Banks say bulks are back Banks say bulks are back

Bulks were meant to be lethargic in 2016 but have bolted out of the gates leaving most investors behind

Chinese demand for the key steel-making materials, iron ore and metallurgical (coking) coal, had been forecast to flatten, or fall, as that country struggles with pressures in its banking system but