The Mining Sector Quarterly
Our premise at the start of the year of a switch away from base metals and bulk materials towards precious metals has been rewarded by modest outperformance in gold prices, as the Trump rally, which had depressed them in Q4 2016, came to an end. Base metals have continued to rally, but at a much slower rate than seen in Q4, while leadership has drifted from copper towards aluminium. Bulks have been more mixed, with iron ore outperforming coking coal and manganese which have fallen.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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