Mining - Goldman Sachs: Mining stocks "not compelling"

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Goldman Sachs: Mining stocks "not compelling"

Friday, February 27, 2009
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"Lower demand assumptions suggest metals markets will be in surplus for longer, slowing the return of metals prices to marginal cost levels," Goldman said. Copper is Goldman's preferred base metal, and it raised its platinum price forecast.

Despite the downgrade, Goldman maintains its "conviction buy" on the world's largest miner, BHP Billiton (BHP). It also upgraded mining giant Anglo American (AAUK).

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Topics:		Mining \| Goldman Sachs \| Commodities

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