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Morgan Stanley heralds bounceback in mining stocks

Rising commodity prices have seen shares in the world’s major mining companies bounce back over the past two months, with Glencore and Rio Tinto approaching their valuation in January.

Morgan Stanley heralds bounceback in mining stocks Morgan Stanley heralds bounceback in mining stocks Morgan Stanley heralds bounceback in mining stocks Morgan Stanley heralds bounceback in mining stocks Morgan Stanley heralds bounceback in mining stocks

Shares in the major diversified miners are up around 40% on average since the March equities crash

US investment bank Morgan Stanley said shares in the major diversified miners were up by an average of 40% since mid-March "in spite of the continued drift in spot EBITDAs".

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