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Federated Hermes

2024 Top 500 ranking: 31

Seeking protection in mispriced miners

Seeking protection in mispriced miners

The copper price – a gauge for the wellbeing of the global economy – has defied supply disruptions and remained broadly flat for the past year. Despite this, the credit spreads of several large mining firms are trading at their lowest levels in 12 months, indicating subdued risk. We think ...

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