Mining Margins Hit 27% as Gold Beats Steel
4 Articles
4 Articles
Madrid, 18 Oct (EFE).- The revaluation of gold and the technological demand for copper have triggered the profits of a mining sector that without producing more and increase only 1 % of its revenues has managed to beat the profitability of the general market. Steel and coal were the main engines of the mining industry [...] Entry Minings outperform the market driven by gold and copper despite no more production was first published in HolaNews.
Gold and copper raise the margins of the sector to 27% despite the stagnation of production, while demand linked to artificial intelligence reinforces growth prospects
The revaluation of gold and the technological demand for copper have triggered the profits of a mining sector that, without producing more and increasing just 1% of its revenues, has managed to beat the profitability of the general market. Steel and coal were the main engines of the mining industry...
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