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Anglo upgraded to 'buy' status

Anglo American (LN:AAL) has been upgraded to ‘buy’ status by investment bank Jefferies on strong mining fundamentals, a more robust balance sheet and potential positive catalysts for 2018.

Anglo upgraded to 'buy' status Anglo upgraded to 'buy' status Anglo upgraded to 'buy' status Anglo upgraded to 'buy' status Anglo upgraded to 'buy' status

Despite having exposure to PGMs and diamonds, the analysts see no reason why Anglo American should not have 'buy' status

"Based on our analysis, mining sector fundamentals are very strong due to serious supply constraints at existing mines, a lack of supply growth from new projects, stable Chinese demand, and improving