Apr 25, 2024 (The Australian Financial Review - ABIX via COMTEX) --
The benchmark MSCI World Mining Index gained 9.5 per cent surge in March, although it shed three per cent in the first quarter of 2024. The rebound in commodity prices in March has prompted forecasts for both the index and mining stocks. Citigroup is among the firms that expect the price of commodities such as gold, silver and copper to rise further in the June quarter, and potentially over the next year. Meanwhile, Morgan Stanley has recommended that investors increase their holdings of mining stocks such as BHP and Rio Tinto, and reduce their exposure to banks..
Publication Date: 26 April 2024
MSCI WORLD MINING INDEX
CITIGROUP PTY LTD
MORGAN STANLEY AUSTRALIA LIMITED
BHP GROUP LIMITED - ASX BHP
RIO TINTO LIMITED - ASX RIO
COMTEX_451428302/2229/2024-04-25T19:06:29
By Alex Gluyas
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