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Miners beating expectations

A recovery in commodity prices following a lag in the first half of 2020 fuelled better-than-expected December quarter earnings, US investment bank Jefferies said on Friday.

Rebecca Meeson-Frizelle
Jefferies said mining shares have materially outperformed the market in recent times

Jefferies said mining shares have materially outperformed the market in recent times

In a review of its coverage universe, the bank said "almost all companies so far" either exceeded or met expectations on EBITDA, capital returns and balance sheet improvements.   Majors including Glencore...

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