Goldman Sachs negative on mining sector

[miningmx.com] – GOLDMAN Sachs would focus on single stock mining companies instead of sector-wide exposure because it was still negative on prospects for extractive industries, said BDLive citing a Reuters report.

It said its negative outlook on the mining sector was reinforced by expectations of a weaker Chinese economy and lower iron ore and copper prices. It did not see a catalyst for a turnaround.

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