Why Mining Stocks Are Likely to Continue Surging

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Mining stocks are projected to continue upward

Why are mining stocks surging?

The Street reported, "A likely rebounding Chinese economy should help boost demand for metals and materials, which in turn should help further lift the mining stocks, such as those held in the iShares MSCI Global Metals & Mining Producers exchange-traded fund."

Metals like copper, steel, and ore are projected to be in higher demand. Coal is also expected to be used more due to the rebounding Chinese economy and subsequent trade with the US. 

Why Mining Stocks Are Likely to Continue Surging

A likely rebounding Chinese economy should help boost demand for metals and materials, which in turn should help further lift the mining stocks, such as those held in the iShares MSCI Global Metals & Mining Producers  (PICK - Get Report)  exchange-traded fund.The sector faces "a 'Goldilocks' backdrop," states a recent report from British bank Barclays, which cites dovish interest rate policy from the Federal Reserve, improving economic conditions in China, and positive U.S.-China progress on trade.

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